Increasing opportunity costs result in a production frontier that is convex from the origin.

Name: Increasing opportunity costs result in a production frontier that is convex from the origin.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Increasing opportunity costs result in a production possibility frontier (PPF) that is concave from the origin, not convex. This shape reflects that as more of one good is produced, larger amounts of the other good must be given up, indicating increasing opportunity costs.

Increasing Opportunity Costs Result in a Production Frontier That Is