Please see below. Need help with this. What is one reason for why a production possibility curve would be bowed out (awayfrom the origin)?constant returns to scaleincreasing returns to scalespecializationconstant marginal product

Answered: What is one reason for why a production…

What is one reason for why a production possibility curve would be bowed from the origin)? constant returns to scale O increasing returns to scale specialization constant marginal product

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 8SQP

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Please see below. Need help with this.

What is one reason for why a production possibility curve would be bowed out (away
from the origin)?
constant returns to scale
increasing returns to scale
specialization
constant marginal product

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Production possibility curve shows the different combinations of goods and services that can be produced with the given amount of resources.

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