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08-05-2024
Business

Answered

The concave (bowed outward) shape of the PPC (PPF) indicates that
a. production of one good is characterized by increasing cost and the other by decreasing costs
b. as you move from one type of production to another, the opportunity cost declines
c. as the production of one good rises, the opportunity cost of that production rises
d. the trade-off between the two goods is constant along the curve

Answer :

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