The bowed out shape of the production possibilities frontier-09129
The bowed out shape of the production possibilities frontier indicates:
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.5.
The bowed out shape of the production possibilities frontier indicates:
That resources are perfectly adaptable to the production of the two goods
That resources are not perfectly adaptable to the production of the two goods
The constant opportunity cost
Resources are used inefficiently
