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Orlov [11]
3 years ago
14

Unlike in the case of constant costs, increasing-cost conditions correspond to a ________________ production possibilities front

ier (PPF). This indicates that the marginal rate of transformation __________ in response to movements along the PPF.
Business
1 answer:
umka2103 [35]3 years ago
7 0

Answer:

bowed-out, varies

Explanation:

  • The downwards pointing of the slope of the production curve is an implication of scarcity and this shape is a result of the allocation of the resources that are based on the comparative advantage and such as an allocation implies the opportunity costs with the holders.
  • <u>The rate of the transformation can be explained as many units of goods have been produced in order to make an extra unit of a good and it varies in the movement along the PPF curve.</u>
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