Question

If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to the right along the curve.

Answer 1

Step-by-step explanation:

Production possibility frontier (ppf) is a graph which shows the existence of opportunity cost of moving from one combination of goods to another . Its slope is always negative and bowing out or downward sloping because opportunity costs always diminish or go down due to law of diminishing marginal return.