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On a bowed production possibilities frontier, as you move down along the curve more of one good must be given up to receive one unit of the other good. the available production technology does not change.
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On a bowed production possibilities frontier, as you move down along the curve more of one good must be given up to receive one unit of the other good. the available production technology does not change. the opportunity cost increases. All of the above are correct

User Farrukh Tulkunov
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Answer:

All of the above are correct

Step-by-step explanation:

  • more of one good must be given up to receive one unit of the other good
  • the available production technology does not change
  • the opportunity cost increases
User Venkatesh Somu
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5.6k points
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