Producing the product on the horizontal axis increases

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As you move from left to right along a production possibilities frontier (PPF) that is bowed out from the origin, the opportunity cost of producing the product on the horizontal axis increases. As you move from right to left along a PPF that is bowed out from the origin, the opportunity cost of producing the product on the vertical axis: a) also increases. b) decreases. c) does not change. d) cannot be determined.

Reference no: EM131196614

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