When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line.
Question
Solution 1
The statement is correct. When production is characterized by constant opportunity costs, the resulting production possibilities frontier (PPF) will indeed be a straight line. Here's why:
- The production possibilities frontier represents all possible combinations of two goods that a country can p Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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