The Following Figure Represents Various Production Possibilities Curves (PPCs) of Economies

question 11

Multiple Choice

The following figure represents various production possibilities curves (PPCs) of economies that produce apples and oranges.

-Refer to the figure above.An economy produces apples and oranges.In this economy,the opportunity cost of producing apples and the opportunity cost of producing oranges are both increasing.In the figure,which curve correctly represents the production possibilities frontier of this economy?

• A) PPC 1
• B) PPC 2
• C) PPC 3
• D) PPC 4

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