When the opportunity cost of producing laptops increases as more laptops are produced, then:
A) the law of increasing costs is present.
B) resources are equally suited to the production of laptops and to other goods.
C) the production possibilities frontier is a straight line.
D) the production possibilities frontier becomes positively sloped.
Correct Answer:
Verified
Q31: Efficient production means producing:
A) less than feasible
Q32: A production possibilities frontier shows the various:
A)
Q34: When an economy's resources are not fully
Q35: Inefficient production occurs:
A) at any point inside
Q37: A point outside a production possibilities curve
Q38: The production possibilities frontier shows different combinations
Q39: Narrbegin Exhibit 2.2 Production possibilities frontier
Q40: Which of the following is true about
Q41: The production possibility curve is bowed outward
Q71: The law of increasing costs indicates that
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