The production possibilities frontier has a __________ due to the law of diminishing returns.

1 answer:

Ivan2 years ago

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The production possibilities frontier has a Curved shape due to the law of diminishing returns. This is further explained below.

<h3>What is the law of diminishing returns.?</h3>

Generally, the law of diminishing returns. is simply defined as the concept when more money or energy is put into something, its value decreases in relation to the amount of time and effort expended

In conclusion, The range of options for production due to the rule of decreasing returns, the frontier is curved.

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