If a country has a bowed out (concave to the origin) production possible frontier, then production is said to

Question

If a country has a bowed out (concave to the origin) production possible frontier, then production is said to

a. constant opportunity costs.

b. decreasing opportunity costs

c. fist increasing and then decreasing opportunity costs

d. increasing opportunity costs

Answer 1

d. increasing opportunity costs

In order to increase production of "A" good/service by reducing "B" they require to sacrifice more and more production "B" good/service.

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