The Shape of the Production Possibilities Curve in the Above

Multiple Choice

The shape of the production possibilities curve in the above figure indicates that

A) production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs.
B) production of both corn and cloth is characterized by increasing costs.
C) production of both corn and cloth is characterized by constant costs.
D) production of corn is characterized by constant costs and the production of cloth is characterized by increasing costs.