If a Production Possibilities Frontier (PPF)is Concave Outward,it Follows That

question 108

Multiple Choice

If a production possibilities frontier (PPF) is concave outward,it follows that

• A) opportunity costs are constant between two goods.
• B) the opportunity cost (of producing the good on the horizontal axis)rises as more of the good is produced.
• C) the opportunity cost (of producing the good on the horizontal axis)falls as more of the good is produced.
• D) the opportunity cost (of producing the good on the horizontal axis)first rises and then falls as more of the good is produced.
• E) none of the above

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