The reason the production possibilities curve is bowed outward (concave) is

Business

1 answer:

telo118 [61]3 years ago

7 0

Answer:

d. the law of increasing additional cost.

Explanation:

Production possibility curve is a graphical representation comparing combination of two products that can be produced with a given level of resources.

The production possibility curve curves outward because of the law of increasing additional cost that states: that once the factors of production (land, capita, and labor) are being used at maximum, any additional production will cost more.

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The complete question is attached below.

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Learn more about Scarcity here:

brainly.com/question/13186252

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