If Additional Units of Any Good Can Be Produced at a Constant

question 132

Multiple Choice

If additional units of any good can be produced at a constant opportunity cost,the production possibilities frontier is

• A)bowed inward and negatively sloped.
• B)bowed outward and negatively sloped.
• C)positively sloped and linear.
• D)horizontal.
• E)linear and negatively sloped.

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Definitions:

Price Discounting

A strategy of reducing the selling price of goods or services to attract customers or drive sales volume.