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-The Bowed Outward Shape of the Production Possibilities Frontier in the Above

Question 117

Multiple Choice

  -The bowed outward shape of the production possibilities frontier in the above figure indicates that A)  some resources are better suited for producing computers. B)  the opportunity cost of producing more computers decreases as more computers are produced. C)  computer technology is subject to the principle of decreasing costs. D)  All of the above answers are correct.
-The bowed outward shape of the production possibilities frontier in the above figure indicates that


A) some resources are better suited for producing computers.
B) the opportunity cost of producing more computers decreases as more computers are produced.
C) computer technology is subject to the principle of decreasing costs.
D) All of the above answers are correct.

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