If the Production Possibility Frontier Is ________, Then Opportunity Costs

question 189

Multiple Choice

If the production possibility frontier is ________, then opportunity costs are constant as more of one good is produced.

• A)bowed out
• B)bowed in
• C)non-linear
• D)linear

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Definitions:

Relative Frequency Histogram

A type of histogram where each bar's height represents the proportion of data that falls into each category, compared to the total data set.

Qualitative Data

Data that describes qualities or characteristics that cannot be measured with numbers, often involving categories or descriptions.

Quantitative Data

Numerical data that can be measured and quantified, enabling mathematical analysis and statistical operations.

Relative Frequency Histogram

A type of histogram in which each bar represents the proportion or percentage of data points that fall into each of a series of specified classes.