anonymous
  • anonymous
So am stuck on a question: The PPF between goods X & Y will be a downward - sloping A.) Straight line if increasing opportunity costs exist. B.) Straight line if decreasing opportunity costs exist. C.) Curve that is bowed outward if increasing opportunity costs exist. D.) Curve that is bowed outward if constant opportunity costs exist. I know the law of opportunity costs is when the more you produce the costly it becomes (the short version) but am not quite sure how it would effect the shape of the slope. Please help.
Economics - Financial Markets
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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anonymous
  • anonymous
So am stuck on a question: The PPF between goods X & Y will be a downward - sloping A.) Straight line if increasing opportunity costs exist. B.) Straight line if decreasing opportunity costs exist. C.) Curve that is bowed outward if increasing opportunity costs exist. D.) Curve that is bowed outward if constant opportunity costs exist. I know the law of opportunity costs is when the more you produce the costly it becomes (the short version) but am not quite sure how it would effect the shape of the slope. Please help.
Economics - Financial Markets
schrodinger
  • schrodinger
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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