The production possibilities frontier will not be convex to the origin if:
A)all firms experience constant returns to scale.
B)the law of diminishing returns is universally satisfactory.
C)at least some firms experience increasing returns to scale.
D)no firms experience decreasing returns to scale.

Question

Quizplus · Accepted Answer

The Answer of The production possibilities frontier will not be convex to the origin if:
A)all firms experience constant returns to scale.
B)the law of diminishing returns is universally satisfactory.
C)at least some firms experience increasing returns to scale.
D)no firms experience decreasing returns to scale.

The Production Possibilities Frontier Will Not Be Convex to the Origin