Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
The production possibilities frontier is bowed outward, this means that the opportunity cost of producing more units of a good increases.
What is the production possibilities frontier?
The Production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPF is typically bowed outward. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
For more information about the production possibility frontier, please check: https://brainly.com/question/25774783
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.