Question 6 A bowedout curved outward PPF means O resources i

Question 6 A \"bowed-out\" (curved outward) PPF means: O resources (inputs) are completely substitutable O B) resources (inputs) are not completely substitutable O society achieves efficiency when producing inside the \"bowed out\" PPF as long as it is producing near max capacity the PPF has \"decreasing costs\" as you produce more and more of an output O more than one answer is correct

Solution

a) A bowed out PPF means the inputs are not completely substitutable. a PPF bows out when the resources used for production can\'t be substituted completely and the cost of substitution increases as we go on increasing the production of other good.

The answer is \"B\"