Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 3

Production possibilities curve ABCDE is bowed out from the origin because:
a. the marginal benefit of pizzas declines as more pizzas areconsumed.
b. the curve gets steeper as we move from E to A.
c. it reflects the law of increasing opportunity costs.
d. resources are scarce.