Question

re is one answer to each problem. You have two attempts for each question. se do not ex d Luck! it until you finished it. If you do, the system will consider that you're finished working on the qui Question 8 1 pts Economists typically depict the PPF as a bowed out (concave) curve rather than as a straight line in order to show that: opportunity cost is always present. O the opportunity cost of producing a good declines as more is produced O resources used in the production of one good are less than in another O the opportunity cost of producing a good rises as more is produced Next Previous

Answer 1

The correct answer is :- The opportunity cost of producing a good rises as more is produced.

Explanation :- The production possibilities frontier illustrates the production choices faced. The shape of the PPF concave to the origin implies an increasing opportunity cost of production as the quantity of production rises. The reason is that resources are not equally well suited for production of the different goods, so as the production of a particular good or services increases, the additional inputs are less suited to the production of that good.