If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:

a positively sloped with a concave curvature.

b. bowed outward away from the origin.

C. a straight line with a negative slope.

d. positively sloped with a convex curvature.

e bowed inward toward the origin.

Question

Business

Luka Wallace

14 May, 16:18

If additional units of output could be produced at constant opportunity cost, the production possibilities curve would be:

a positively sloped with a concave curvature.

b. bowed outward away from the origin.

C. a straight line with a negative slope.

d. positively sloped with a convex curvature.

e bowed inward toward the origin.

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Answers (1)

Know the Answer?

Zaiden Hicks · Answer 1

The answer is C. a straight line with a negative slope.

Explanation:

this happens only if the production factors required to produce both goods/services considered are homogenous. but this rarely happens in real world scenarios.

Moreover, in a case like this, the production of one good can not be increased without sactrificing an eqaul ammout of production from the other good.