Table 2-5 -Refer to Table 2-5.Table 2-5 Shows One Set of Production

question 54

Multiple Choice

Table 2-5

-Refer to Table 2-5.Table 2-5 shows one set of production possibilities.Based on the values in the table,the production possibilities frontier is

• A) bowed outward indicating increasing opportunity costs.
• B) bowed outward indicating decreasing opportunity costs.
• C) a straight line indicating constant opportunity costs.
• D) bowed inward indicating decreasing opportunity costs.

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