Which of the following statements regarding the opportunity cost of producing potatoes and the production possibilities frontier is true for the island of Atlantis? A. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward. B. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed inward. C. The island of Atlantis has a constant opportunity cost of producing potatoes and the production possibility frontier is linear. D. The island of Atlantis has an decreasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward.

Question

04-09-2020
Business

contestada

Which of the following statements regarding the opportunity cost of producing potatoes and the production possibilities frontier is true for the island of Atlantis? A. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward. B. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed inward. C. The island of Atlantis has a constant opportunity cost of producing potatoes and the production possibility frontier is linear. D. The island of Atlantis has an decreasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward.

Respuesta :

Otras preguntas

Which of the following will most efficiently provide products? a market economy with one producer a market economy with many producers a command economy with on

what is 5 hours and 30 minutes after 9:30

Dion practiced the long jump . He jumped 3.05 meters,2.74 meters and 3.3 meters.What was the average length of Dion's jumps?

When you add 18 to 1/4 of a number you get the number itself

The theme of this passage from the Declaration of Independence is best described as: (5 points) connections and correspondence were interrupted many attempts we

Any ideas for a science fair project involving anything with anime, anime art, baking, desserts, something about cuteness, or anything else that might be good!

so far, Monica has read 5/6 of a book.she has read the same number of pages each day for 5 days. What fraction of the book does Monica read each day?thank you

600 is 5/9 of what number

What issues present the most pressing problems for Canada? -high unemployment -lack of natural resources -low standard of living -outdated agricultural system -

Who is Susan B.Anthony?

Parrain Parrain · Answer 1 · 2020-09-10T03:30:29+02:00

Answer: A. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward.

Explanation:

When there is an increasing opportunity cost of producing a good, the Production Possibilities Frontier (PPF) will be bowed out to represent that as more of the good is being produced, more of another good is being given up to do so.

For the island of Atlantis therefore, as they produce more of potatoes, they are giving up being able to produce whatever more and more of other goods they produce which is therefore leading to a PPF that is bowed outward.