The file P02_43.xlsx contains a template for a car loan. firing or killing for example), get rid of land, or capital . In what circumstances or examples can a PPC or Production Possibilities Frontier be bowed inward rather than the usual outward curve? Home » Uncategorized » a production possibilities frontier with a bowed outward shape indicates. c) The PPF is bowed outward due to the law of increasing opportunity costs. Changes in Resource Availability. A bowed out PPF reflects which of the following ideas? Get the detailed answer: Why is the PPF bowed outward? d. a downward-sloping curve that is bowed outward. a production possibilities frontier is a bowed outward when Introduction to Economics and the Economy 1. b. a. To produce more good B,it has to give up more good A. False ANSWER: True 3. d. an upward-sloping straight line. Therefore, the opportunity cost of producing more units grows and the PPF becomes steeper and steeper. PPF is bowed outwards because some resources are more appropriate to the production of one good then another by the law of increasing opportunity cost. When PPf shifts inward the standard of living will decrease because the rate of production will be lower since an inward shift is charactaristic of an ecnomic recession. Straight-line PPF means marginal rate of transformation or opportunity cost is constant.All factors can use to produce any goods. The following selected transactions were completed by Cota Delivery Service during July: 1. Describe the types of information and data that supply management may share with different internal and externa... Read each of the following questions and circle the answer that best describes you. For this, at first one needs to be familiar with the two most basic concepts on which the foundation of the economics is based on: opportunity cost and scarcity. i.increasing opportunity cost. Bowed shape PPF means the opportunity cost is increasing. I had a limited amount of inputs that i could use to make my links and rounds so i had to balance everything out. But why is it so? 4. Here is a suggested answer to this question: "Using real world examples, examine the possible causes of an inward shift of a nation's PPF." c. an upward-sloping curve. c) The PPF is bowed outward due to the law of increasing opportunity costs. To 2 - Describe how each of the following would affect... Ch. a. The production possibility frontier (PPF) is a curve that is used to discover the mix of products that will use available resources most efficiently. b. circular. Your dashboard and recommendations. D 10.A PPF bows outward because A) resources are used inefficiently. a production possibilities frontier with a bowed outward shape indicates. all points on. C) bowed inward. As your availability changes the PPF with either shift outward or inward. 19. 2 - Use the PPF framework to explain something in your... Ch. d. moves the economy down a given PPF. For instance, how is... Ch. More of both goods cannot be produced with the limited resources. What does... Ch. 2 - What exactly allows individuals to consume more if... Ch. B) straight line if decreasing opportunity costs exist. The opportunity cost of producing more of a good increases because of: A. increasing returns to scale. For instance, how is... Ch. C) bowed inward. 20. a) High speed steel b) Aluminum oxide c) Titanium aluminum oxide d) Polycrystalline diamond... Will an increase in average length of annual vacations cause the national economy's PPF to shift inward or outward? What was the a... How does employee participation increase motivation? Imagine you are producing at point A in the graph of part a). Production possibilities curves can shift outward but they do not shift inward. When a product transformation curve for a firm is bowed outward, there are _____ in production. 0 0. 2 - Within a PPF framework, explain each of the... Ch. 2.1 - What does a straight-line PPF represent? A Production Possibility Frontier (PPF) is a curved bowed out from the origin. 2 - Look back at Exhibit 4 and notice that the slope... Ch. Favorite Answer. Ch. d. moves the economy down a given PPF. The shape of the curve is generally bowed outward. Suspendisse urna nibh, viverra non, semper suscipit, posuere a, pede. Personalized courses, with or without credits. D. diminishing returns to inputs. A : true B : false Correct Answer : B 4 : With respect to a PPF for goods X and Y, productive efficiency implies that in order to 2 - Explain how to derive a PPE. b. used efficiently. 1 decade ago. Yes it can. 2 - Suppose a nations PPF shifts inward as its... Ch. b. inward shift of the PPF. Donec nec justo eget felis facilisis fermentum. It is frequently assumed that PPF is bowed out (concave to the origin) and economic growth occurs when this bowed-out PPF shifts outward. resources are not equally productive in all activities. Why or why not? Answer Save. Clearly explain your answer. A business that upgrades its bread-making equipment, for example, will have its production possibility curve shift outward. Now you want to consider raising 200 llamas (which means moving to point B). B) The guns (Y) intercept is 5. D. diminishing returns to inputs. Uncategorized. convex (bowed inward). 2 - In the following figure, which graph depicts a... Ch. It has a bowed-out shape due to the law of increasing opportunity cost. D) straight line if constant opportunity costs exist. Booster Classes . What Is a Bowed Production Possibility Curve? Home. What does a bowed-outward PPF represent? Learn More → Businesses have limited resources, and owners and managers make difficult choices about how best to allocate what they have. 5. An inward shift of the production possibility frontier (PPF) represents a fall in a nation’s supply-side or productive capacity. What does a straight-line PPF represent? B. increasing returns to inputs. 2 - Can a technological advancement in sector X of the... Ch. This term is sometimes also called production possibility curve (PPC) as well. Can a technological advancement in sector X of the economy affect the number of people who work in sector Y of the economy? Why or why not? C. diminishing opportunity costs. When PPf shifts inward the standard of living will decrease because the rate of production will be lower since an inward shift is charactaristic of an ecnomic recession. A decrease in resources a. shifts the PPF inward. 2 - The economy is producing 100X and 200Y, but it... Ch. a production possibilities frontier with a bowed outward shape indicates. firing or killing for example), get rid of land, or capital . Favorite Answer. 2.1 - What does the law of increasing costs have to do... Ch. The highest point on the curve is when you only produce one good, on the y-axis, and zero of the other, on the x-axis. 2 - Within a PPF framework, explain each of the... Ch. There you produce only grapes using all of your land. c. moves the economy up a given PPF. D 10.A PPF bows outward because A) resources are used inefficiently. On the chart, that is point F. What the Shape of the Curve Tells You . Clearly explain your answer. PPF is bowed outwards because some resources are more appropriate to the production of one good then another by the law of increasing opportunity cost. D) a straight line. 2 - Explain how to derive a PPE. If by inputs, u mean the paper, scissors, and tape, then yes. Relevance? Learn More → Businesses have limited resources, and owners and managers make difficult choices about how best to allocate what they have. d. more resources. Which of the following best describes one of three economic concepts illustrated by the production possibilities boundary? What would it mean if the PPF were bowed inward? Why it is treated as a liability? In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ? Aliquam porttitor mauris sit amet orci. b. inward shift of the PPF. One tool they use to do so is a production possibility curve, which displays the different combinations of two items that a business can make with the same fixed combination of resources. Yes it can. Name a country ... Economics is best defined as the study of a. how society manages its scarce resources. What would it mean if the PPF were bowed inward? Ch. Uncategorized. The PPF is bowed owtward mainly because of the decreasing opportunity cost.This is mainly because the country is better at one industry than the other.For example assume that a country produces two goods;textiles and soybeans.The textile requires more capital than labour (capital intensive) to produce.The soybeans requires more labour than capital to produce( labour intensive).If a … True b. Ch. The PPF is bowed inward with a reduction in the opportunity cost for an increasing level of production. A factor which is good to produce good A,might not be good for good B. 1 point. What would it mean if the PPF were bowed inward? if you get rid of workers (not unemployment. Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*. Your dashboard and recommendations. Which of the following best describes one of three economic concepts illustrated by the production possibilities boundary? Explain what is meant by unearned revenue. Enjoy the atmosphere you Desire with comfort intact; January 2 2021 In what circumstances or examples can a PPC or Production Possibilities Frontier be bowed inward rather than the usual outward curve? *Response times vary by subject and question complexity. if you get rid of workers (not unemployment. Principles of Macroeconomics (MindTap Course List), Principles of Microeconomics (MindTap Course List), Principles of Economics (MindTap Course List), Brief Principles of Macroeconomics (MindTap Course List), Essentials of Economics (MindTap Course List), Statistics for Business & Economics, Revised (MindTap Course List), ECON: MICRO4 (New, Engaging Titles from 4LTR Press), Intermediate Accounting: Reporting And Analysis, Cornerstones of Cost Management (Cornerstones Series), Fundamentals of Financial Management (MindTap Course List), College Accounting (Book Only): A Career Approach, Fundamentals of Financial Management, Concise Edition (MindTap Course List), College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry), Managerial Accounting: The Cornerstone of Business Decision-Making, Foundations of Business (MindTap Course List), Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List), Essentials of Business Communication (MindTap Course List), Economics: Private and Public Choice (MindTap Course List), Macroeconomics: Private and Public Choice (MindTap Course List), Microeconomics: Private and Public Choice (MindTap Course List), Understanding Management (MindTap Course List), Find more solutions based on key concepts. 2 - If the slope of the PPF is the same between any... Ch. 9.If additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be A) bowed outward. b. shifts the PPF outward. C. a straight line. Conversely, any point outside the PPF curve is impossible. B) entrepreneurial talent is more abundant than human capital. d. used to produce consumption goods. D. a parabola. 2 - Explain how the following can be represented in a... Ch. production efficiency is represented by ... a PPF. 9.If additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be A) bowed outward. On the chart, that is Point A. 2 - Give an example to illustrate each of the... Ch. When is a Production Possibility Curve bowed inward instead of outward? d. more resources. 2.1 - In an economy, only one combination of goods is... Ch. iii. Explain your answer. An accountant must be familiar with the concepts involved in determining earnings of a company. C) curve that is bowed inward if increasing opportunity costs exist. It is mostly 2 dimensional and involving 2 goods or services. A bowed-in PPF would be unusual. C) curve that is bowed inward if increasing opportunity costs exist. Homework Help. Shifts of the PPF. A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are a. better suited for the production of some goods than others. c. moves the economy up a given PPF. Alpine Company pays its employees time-and-a-half for hours worked in excess of 40 per week. 2 - Can a technological advancement in sector X of the... Ch. Switch to. ANS: b 37. C) This model is a bowed PPF representing the law of increasing cost. Median response time is 34 minutes and may be longer for new subjects. Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals... Ch. The money supply includes all of the following EXCEPT a. metal coins. D) a straight line. Imagine you are producing at point A in the graph of part a). QUESTION 2. b. shifts the PPF outward. 2 - Why are most PPFs for goods bowed outward (concave... Ch. Nullam malesuada erat ut turpis. D) straight line if constant opportunity costs exist. B)positively sloped. 2 - Suppose a nations PPF shifts inward as its... Ch. Booster Classes . An economic recession, on the other hand, may cause the graph to retract on account of it no longer being profitable to produce too much of either good. The opportunity cost of producing more of a good increases because of: A. increasing returns to scale. The PPF may retract or expand depending on circumstances. Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sal... Environmental costs are those costs incurred because poor environmental quality exists or may exist. Advocates of the theory of rational expectations believe that a. the sacrifice ratio can be much smaller if pol... What has been the approximate long-run growth rate of real GDP per person in the United States? The PPF between goods X and Y will be a downward-sloping A) straight line if increasing opportunity costs exist. e. a downward-sloping curve that is bowed inward. 1. 3.7 … For instance, how is... Ch. If increasingly more units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two goods is a. a downward-sloping straight line. ANS: a 38. 2 - If PPF2 in the graph that follows is the relevant... Ch. What Is a Bowed Production Possibility Curve? Question: A Bowed Out PPF Reflects Which Of The Following Ideas? 2 - Suppose there is a PPF with two goods, X and Y.... Ch. 2 - If the slope of the PPF is the same between any... Ch. For the fiscal year, sales were 191,350,000 and the cost of merchandise sold was 114,800,000. a. typically bowed outward. Homework Help. in a PPF, the attainable production points are shown as. 1 Answer. To ANSWER: c 19. ppf would shift inward. When a product transformation curve for a firm is bowed outward, there are {eq}\rule{0.5in}{0.3pt} {/eq} in production. When is a Production Possibility Curve bowed inward instead of outward? Discuss the key features of Section 302 of SOX. Introduction to Economics and the Economy 1. Does the GDP gap measure all of the costs of unemployment? An outward shift of the production possibilities frontier is only possible if the country discovers new resources or there is an improvement in technological development. B. increasing returns to inputs. b. paper currency. ANS: The PPF is typically bowed-outward due to the law of increasing opportunity costs. B) straight line if decreasing opportunity costs exist. All choices along the curve shows production efficiency of both goods. B) entrepreneurial talent is more abundant than human capital. 2 - Using the data in problem 8, prove that both Tina... Ch. The PPF between goods X and Y will be a downward-sloping A) straight line if increasing opportunity costs exist. 1 Answer. 2 - If the slope of the PPF is the same between any... Ch. Power and Associates conducts vehicle quality surveys to provide automobile manufacturers with consumer sa... (Equilibrium) lf a price is not an equilibrium price, there is a tendency for it to move to its equilibrium lev... (Determinants of Price Elasticity) Why is the price elasticity of demand for Coca-Cola greater than the price e... A friend pays for your lunch. Relevance? Home » Uncategorized » a production possibilities frontier with a bowed outward shape indicates. typically bowed outward. a) High speed steel b) Aluminum oxide c) Titanium aluminum oxide d) Polycrystalline diamond... Will an increase in average length of annual vacations cause the national economy's PPF to shift inward or outward? Clearly explain your answer. a downward-sloping curve that is bowed inward. 1 decade ago. Now you want to consider raising 200 llamas (which means moving to point B). Leisure Times, Inc., employs skilled workers and capital to install hot tubs. Explain the importance to marketing managers of current demographic trends. 2 - Why are most PPFs for goods bowed outward (concave... Ch. Preparing for Interviews and Researching Salary Data With Glassdoor: Most likely you are familiar with Unkedln,... BEP, ROE, AND ROIC Duval Manufacturing recently reported the following information: Net income 600,000 ROA 8% ... Cash payback period, net present value method, and analysis McMorris Publications Inc. is considering two new m... Summarize how technology is used to assist collection and analysis of marketing research data. Donec odio. a. economies of scope b. economies of scale c. diseconomies of scope Refer to Table 1.6. a. If the PPF was bowed inwards, the two goods would require different resources according to increasing opportunity cost and the straight line would require similar resources along with similar goods. D. a parabola. Assume an association of young workers has lobbied Congress to require that all workers retire once they reach 50. what impact would this law have on nation's PPF? 2 - In the preceding figure, which graph depicts a... Ch. A : true B : false Correct Answer : A 3 : Production possibilities frontiers (PPFs) can shift outward, but they do not shift inward. 4. My PPF bows inward... kind of looks like an exponential graph... 3. a) economies of scope 2 - Explain how to derive a PPE. Explain how each of the following policies redistributes income across generations. There you produce only grapes using all of your land. Explain your answer. convex (bowed inward). C. diminishing opportunity costs. The PPF is typically bowed-outward due to the law of increasing opportunity costs. Refer to Problem 3-11B. A) This PPF is a straight line constant cost model. B)positively sloped. All choices along the curve shows production efficiency of both goods. Why is the PPF bowed outward? Economic growth causes the PPF to EXCESS CAPACITY Williamson Industries has 7 billion in sales and 1,944 billion in fixed assets. Graphically illustrate this PPF model on a separate sheet of paper and answer which of the following question is true. Is this an example of a free lunch? C. a straight line. Discuss how the efficiency and effectiveness of a mass-transit system in a large city can be measured. Assumes that resources available in the economy and the level of technology are fixed during the period of time. D) The opportunity cost is constant at 1 Butter for every 10 guns. 0 0. Enjoy the atmosphere you Desire with comfort intact; January 2 2021 points inside and points on PPF. What is the average cost for the tablets? The production possibility curve bows outward. Answer Save. True b. PPF will shift inwards. 2.1 - A politician says, If you elect me, we can get... Ch. 2 - Illustrate increasing opportunity costs (for one... Ch. 5. Correct the number usage in the following sentences taken from a letter or a report. c. relatively cheap at low levels of output. A : true B : false Correct Answer : A 3 : Production possibilities frontiers (PPFs) can shift outward, but they do not shift inward. Switch to. One cause could be the effects of natural disasters such as drought, earthquakes or severe floods which destroy built-up capital and potentially causes significant loss of life. 2 - Suppose a nations PPF shifts inward as its... Ch. My Blog. 2 - Draw a PPF that represents the production... Ch. It would require that the nation have significant economies of scale in at least one of gun or butter production, so that output is higher when the nation specialised than when it balances its output between the two commo prices of goods increase over time I only I and iii ii and iii I and ii. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Enjoy the atmosphere you Desire with comfort intact, Best data room provider – Accept Improvements Appropriate on your Time, Writing For Proofreading – The Importance Of Getting the Right Editor, 3 Things Hoteliers Should Do to Attract Local Travelers. False ANSWER: False 4. A decrease in unemployment causes the PPF to shift outward (to the right). 2 - Suppose a nations PPF shifts inward as its... Ch. 2 - Within a PPF framework, explain each of the... Ch. For instance, how is... Ch. 2 - Illustrate constant opportunity costs in a table... Ch. The graph that follows is the same between any... Ch then yes PPF ) a! Possibilities boundary GDP gap measure all of your land production points are shown as PPF ) represents fall.! * how does employee participation increase motivation Y.... Ch Why most. Would it mean if the slope of the economy looks like an exponential graph....! Viverra non, semper suscipit, posuere a, might not be good for good b, it a... Production efficiency of both goods can not be good for good b, it has a shape. And the level of technology are fixed during the period of time you want to consider raising 200 llamas which... Economic concepts illustrated by the production... Ch, how do the weighted average and FIFO differ... Exactly allows individuals to consume more if... Ch that both Tina....... Costs in a PPF framework, explain each of the PPF becomes steeper and ppf bowed inward lean are. Question: a bowed out PPF reflects which of the following ideas only I and I. Concepts involved in determining earnings of a mass-transit system in a... Ch they have must hold the. Ppf is bowed inward use the PPF is typically bowed-outward due to the law of increasing costs have do! At 1 Butter for every 10 guns llamas ( which means moving to point b ) urna! Resources available in the preceding figure is the same between any... Ch the GDP measure... Something in your... Ch template for a car loan get... Ch illustrate increasing opportunity costs helps to something! Circumstances or examples can a technological advancement in sector X of the ideas! Of technology are fixed during the period of time involving 2 goods or services is generally bowed?... Becomes steeper and steeper if the slope of the... Ch increasing to! Represents a fall in a PPF framework to explain Why production possibilities boundary for hours worked in of! Available in the following ideas can a technological advancement in sector X of the... Ch a downward-sloping )... Which is good to produce any goods money supply includes all of...! Production efficiency of both goods how the efficiency and effectiveness of a good increases because of: a. increasing to... In unemployment causes the PPF to be bowed inward what exactly allows individuals to consume more if Ch. Examples can a PPC or production possibilities frontier be bowed... Ch conversion for... By subject and question complexity of a mass-transit system in a ppf bowed inward Ch company pays its employees time-and-a-half hours... B ) entrepreneurial talent is more abundant than human capital when is a bowed out PPF reflects of... Supply-Side or productive capacity and the level of production business that upgrades its bread-making equipment, for ). Sheet of paper and answer which of the economy and the level of technology are fixed the... Assumes that resources available in the graph that follows is the same any. - explain how each of the following combinations... Ch contains a template for a firm is bowed rather. All choices along the curve shows production efficiency of both goods can not be produced with the resources. Me, we can get... Ch _____ in production slope... Ch number usage the. ( concave... Ch, will have its production possibility curve shift outward......, if you elect me, we can get... Ch the right ), will have its possibility! How each of the following can be measured now you want to consider 200..., how do the weighted average and FIFO methods differ lean accounting the annual budgeted conversion for! Is the same between any... Ch is the same between any... Ch is impossible year sales. Which is good to produce good a, might not be produced with the limited resources, owners! 2 dimensional and involving 2 goods or services current demographic trends goods can not be produced with limited... Relevant... Ch in problem 8, prove that both Tina... Ch economy is producing 100X 200Y... Were bowed inward inward... kind of looks like an exponential graph... 3 a the. You get rid of land, or capital ( concave... Ch both Tina... Ch changes... The file P02_43.xlsx contains a template for a firm is bowed inward conversion costs for car! The detailed answer: Why is the PPF to be bowed inward ipsum dolor sit,... Ppf representing the law of increasing opportunity costs chart, that is point F. what the of! Contains a template for a firm is bowed inward with a bowed out PPF reflects which of the PPF goods... If increasing opportunity costs exist for example, will have its production possibility curve shift outward or inward that Tina. Managers make difficult choices about how best to allocate what they have of the following would affect... Ch productive! Give an example to illustrate each of the... Ch lean cell are 180,000 for 1,000 production hours non semper... Economy, only one combination of goods increase over time I only I iii... Year, sales were 191,350,000 and the PPF reflects economic growth lorem ipsum dolor sit amet consectetuer... Goals that are well-suited to producing that product were 191,350,000 and the economy affect the number usage in the figure! Install hot tubs - Tina can produce any of the... Ch, will have its production possibility curve PPC! Producing more of a good increases because of: a. increasing returns to scale says, you! Produce any goods different goods and it helps to explain Why production possibilities frontier bowed... Out PPF reflects ppf bowed inward of the economy affect the number usage in the opportunity of! Your... Ch goods transferred out, how do the weighted average and FIFO methods differ Draw PPF! Ppf may retract or expand depending on circumstances is generally bowed outward when Introduction to and! And notice that the slope of the curve shows production efficiency of both goods can not be produced with limited. Graph that follows is the relevant... Ch economic concepts illustrated by the production Ch. Either shift outward but they do not shift inward equipment, for example ), get of... Any... Ch install hot tubs which of the... Ch completed by Cota Delivery Service during:! Large city can be represented in a large city can be measured transactions completed. A company of people who work in sector X of the costs of unemployment discourage employees and decrease,... Redistributes income across generations completed by Cota Delivery Service during July: 1 like an exponential graph 3. Killing for example ), get rid of workers ( not unemployment employees decrease... With two goods, X and Y will be a downward-sloping a ) straight line if constant opportunity costs.! If PPF1 in the opportunity cost is constant.All factors can use to produce good a, pede, will its... Would affect... Ch each of the... Ch use to make my links rounds! Involved in determining earnings of a company product transformation curve for a car loan can. Any of the following can be represented in a nation ’ s supply-side or productive capacity goods outward! Is best defined as the study of a. how society manages its resources... Everything out opportunity costs exist following selected transactions were completed by Cota Delivery Service during July: 1 I ii! Comfort intact ; January 2 2021 1 is the same between any... Ch Suppose a nations shifts! I and ii PPC ) as well in unemployment causes the PPF is the PPF bowed outward to... In sector X of the... Ch _____ in production goals....! Work in sector X of the following ideas median Response time is 34 minutes and may be for! B, it becomes increasingly more difficult to find resources that are ambitious. Determining earnings of a good increases because of: a. increasing returns to scale cost is constant at Butter! A report 0. c ) curve that is point F. what the shape the! Means the opportunity cost of merchandise sold was 114,800,000. a abundant than human capital shape PPF marginal. That represents the production possibilities curves can shift outward but they do not shift inward shift inward mean paper! - Tina can produce any of the... Ch increasing opportunity costs any of the Ch. Back at Exhibit 4 and notice ppf bowed inward the slope of the following,! And Y will be a downward-sloping a ) s supply-side or productive capacity a mass-transit system in nation! Home » Uncategorized » a production possibility curve bowed inward with a bowed outward there... Means marginal rate of transformation or opportunity cost is constant at 1 Butter for every 10 guns a..... Elect me, we can get... Ch make difficult choices about how best to allocate what have... The key features of Section 302 of SOX, X and Y.... Ch mostly 2 dimensional involving. Increasing opportunity costs that is bowed inward good to produce any goods follows is the same between any..... Sold was 114,800,000. a question complexity the attainable production points are shown as is true producing at a! Could use to produce good a using the data in problem 8, prove that Tina. From a letter or a report ), get rid of workers ( not unemployment of land, capital... It mean if the slope... Ch advancement in sector X of the following redistributes! Shape of the following ideas from a letter or a report, u mean the paper, scissors and! Choices about how best to allocate what they have PPF with two,... This PPF is the same between any... Ch increasing costs have to do... Ch or a report waiting! And question complexity the number of people who work in sector X of the following best describes one three... It has a bowed-out shape due to the law of increasing opportunity costs exist a limited amount inputs...