Table 3-18
The following table contains some production possibilities for an economy for a given month.
-Refer to Table 3-18. If the production possibilities frontier is bowed outward, then "?" could be
A)150.
B)225.
C)300.
D)375.

Question

Table 3-18
The following table contains some production possibilities for an economy for a given month. 
-Refer to Table 3-18. If the production possibilities frontier is bowed outward, then "?" could be
A)150. 
B)225. 
C)300. 
D)375.

Quizplus · Accepted Answer

A bowed outward production possibilities frontier indicates increasing opportunity costs. The value of 375 suggests a larger increase in production, consistent with the concept of increasing opportunity costs.

Table 3-18 The Following Table Contains Some Production Possibilities for an Economy