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A straight-line production possibilities frontier assumes the more resources a society uses to produce one good, the few
Posted: Sun Jun 05, 2022 4:51 pm
by answerhappygod
- A Straight Line Production Possibilities Frontier Assumes The More Resources A Society Uses To Produce One Good The Few 1 (21.91 KiB) Viewed 61 times
A straight-line production possibilities frontier assumes the more resources a society uses to produce one good, the fewer resources it has available to produce another good. the opportunity cost of producing a good is constant as more and more of that good is produced. resources are specialized; that is, some are better at producing particular goods rather than other goods. O the opportunity cost of producing a good increases as more of that good is produced.