What Does a Production Possibility Frontier with a Bowed Outward

question 14

Multiple Choice

What does a production possibility frontier with a bowed outward shape indicate?

• A)The possibility of inefficient production
• B)Constant opportunity costs as more and more of one good is produced.
• C)Increasing opportunity costs as more and more of one good is produced.
• D)Decreasing opportunity costs as more and more of one good is produced.

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