Management Notes

Reference Notes for Management

If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to:

If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to:

If a country has a bowed out (concave to the origin) production possibility frontier, then production is said to be subject to:

 Options:

a. constant opportunity costs.
b. decreasing opportunity costs.
c. first increasing and then decreasing opportunity costs.
d. increasing opportunity costs.

The Correct Answer Is:

d. increasing opportunity costs.

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