The concave shape of the production possibilities curve for two-08799
The concave shape of the production possibilities curve for two goods X and Y illustrates:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.4.
The concave shape of the production possibilities curve for two goods X and Y illustrates:
Increasing opportunity costs for both goods.
Increasing opportunity cost for good X but not for good Y.
Increasing opportunity cost for good Y but not for good X.
Constant opportunity costs for both goods.
