Question
a PPF has a smooth bowed-out curve when: it is measuring an economy when demand and supply shift equally the opportunity cost for both goods
a PPF has a smooth bowed-out curve when:
it is measuring an economy
when demand and supply shift equally
the opportunity cost for both goods is equal
supply is constant
I don't know which one is the correct answer? Im stuck and need help.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
