The Efficiency Frontier Has a Convex Shape Because of

question 97

Multiple Choice

The efficiency frontier has a convex shape because of

• A) consumer surplus.
• B) diminishing returns.
• C) profitability.
• D) differentiation strategy.

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Definitions:

Erection

The physiological process whereby erectile tissue fills with blood, causing the penis or clitoris to become enlarged and firm, typically in response to sexual arousal.

Circumcision

The surgical removal of the foreskin from the penis.

Foreskin

The retractable fold of skin covering the tip of the penis in uncircumcised males.

Foreskin

The fold of skin covering the head of the penis, which can be surgically removed via circumcision.