Multiple Choice
When there are diminishing returns to labor, the production possibility frontier is _______ sloping and ________.
A) downward; convex (bowed in toward the origin)
B) downward; concave (bowed out from the origin)
C) upward; concave (bowed out from the origin)
D) upward; convex (bowed in toward the origin)
Correct Answer:
Verified
Correct Answer:
Verified
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