A production possibilities curve illustrates costs of production. a. Straight-line; constant b. Straight-line; increasing c.

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A ______ production possibilities curve illustrates ______ costs of production.

a. Straight-line; constant

b. Straight-line; increasing

c. Bowed-outward; constant

d. Bowed-outward; increasing

e. Both straight-line; constant and bowed-outward; increasing are true.

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 16, 2023 12:03 AM

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A ______ production possibilities curve illustrates ______ costs of production. a. Straight-line; constant b. Straight-line; increasing c.

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A production possibilities curve illustrates costs of production. a. Straight-line; constant b. Straight-line; increasing c.