Figure 2-4 -The Shape of the Production Possibilities Curve in Figure 2-4

question 15

Multiple Choice

Figure 2-4
-The shape of the production possibilities curve in Figure 2-4 indicates that

• A)production of both corn and cloth is characterized by constant costs.
• B)production of corn is characterized by constant costs and the production of cloth by increasing costs.
• C)production of both corn and cloth is characterized by increasing costs.
• D)production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs.

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