78 de Homework 020418 Part 1 3 points Part 2 1 point Which o

78% de: Homework 02/04/18 Part 1 (3 points) Part 2 (1 point) Which of the following give the bowed-outward shape to the PPF Choose one or more Athe law of increasing opportunity cost B the concept of ceteris paribus C the law of increasing specialization O D. the law of decreasing opportunity cost 06:11 > BOF 11 QUESTIONS COMPLETED DOLL

Solution

The correct answer is: d)

Reason: The concave shape of the PPF is due to diminishing rate of substitution or diminishing opportunity cost.

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