Economics Homework Help
17. The fact that the PPF usually bows away from the origin implies that …a) as the production of any
17. The fact that the PPF usually bows away from the origin implies that …
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a) as the production of any
good increases, there is an increase in the opportunity cost of producing it. b) as the production of any good increases, there is a decrease in the opportunity cost of producing it. c) getting more of one good means getting less of another good. d) getting more of one good means getting more of another good. e) resources are perfectly fungible, easily moved between alternative uses to satisfy consumer demand.
