If a ppf has a negative slope and is bowed out, we experience ________ opportunity costs as we continue to move down and to th

Question

yawa3891 [41]

3 years ago

9

If a ppf has a negative slope and is bowed out, we experience ________ opportunity costs as we continue to move down and to th

e right along the curve.

Business

1 answer:

Snowcat [4.5K] · Answer 1 · 2022-07-08T15:08:12+03:00

Answer:

Explanation:

Production possibility frontier (ppf) is a graph which shows the existence of opportunity cost of moving from one combination of goods to another . Its slope is always negative and bowing out or downward sloping because opportunity costs always diminish or go down due to law of diminishing marginal return.

If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th

If a ppf has a negative slope and is bowed out, we experience ________ opportunity costs as we continue to move down and to th