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2 years ago

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because:__________

1 answer:

3 0

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because <u>of the scarcity of factors of production</u>.

The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.

Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.

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0.40

Explanation:

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C) lack of venture capital for innovative products.

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Option C is the answer because venture capitalists like to invest in innovative products, so there should not be a lack of capital.

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2 years ago

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1 year ago