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devlian [24]
3 years ago
11

What are the implications of this idea for the shape of the production possibilities​ frontier?

Business
1 answer:
Grace [21]3 years ago
5 0

Answer:B. The production possibilities frontier will be bowed outwards

Explanation: Production possibility frontier (PPF) is a term used in economics to show how possible it is to combine the production of different products puting the availability of resources, technologies, and other factors which can affect it.

Production possibility frontier is used mainly by Economist to show the impact of different concepts like SCARCITY, OPPORTUNITY COSTS,etc

Once the production of a given goods leads to the reduction in production of another,the PPF will be bowed outwards.

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