What are the implications of this idea for the shape of the production possibilities frontier?
A. The production possibilities frontier will have a positive slope.
B. The production possibilities frontier will be bowed outward.
C. The production possibilities frontier will be bowed inward.
D. The production possibilities frontier will have a negative slope.
E. The production possibilities frontier will be a straight line.

Question

01-02-2020
Business

contestada

What are the implications of this idea for the shape of the production possibilities frontier?
A. The production possibilities frontier will have a positive slope.
B. The production possibilities frontier will be bowed outward.
C. The production possibilities frontier will be bowed inward.
D. The production possibilities frontier will have a negative slope.
E. The production possibilities frontier will be a straight line.

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osondumartins osondumartins · Answer 1 · 2020-02-01T06:33:26+01:00

Answer:B. The production possibilities frontier will be bowed outwards

Explanation: Production possibility frontier (PPF) is a term used in economics to show how possible it is to combine the production of different products puting the availability of resources, technologies, and other factors which can affect it.

Production possibility frontier is used mainly by Economist to show the impact of different concepts like SCARCITY, OPPORTUNITY COSTS,etc

Once the production of a given goods leads to the reduction in production of another,the PPF will be bowed outwards.

antoniotiberio03 antoniotiberio03 · Answer 2 · 2021-09-27T22:12:56+02:00

antoniotiberio03 antoniotiberio03

27-09-2021

Answer:

it will produce only a fraction of possibilities in a market.

Explanation:

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