Question

A non-linear production possibilities model assumes that

Answer 1

Answer: See explanation

Explanation: A non-linear production possibilities model assumes that with rational resource allocation decisions, the opportunity cost of producing more will rise. That is, some resources are specialized to be more productive in one use than in another. It is represented with a negatively sloped line because production of different types of products will compete for limited resources. It also illustrates the variations in the amounts that can be produced of two products if both products depend upon the same finite resource for their manufacture.

Answer 2

A non-linear production is also known as a bending producing model. A non-linear production possibilities model estimates what amount of something can be produced using the economy's current resources and technology to make the predictions.