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Question 4 (1 point) The shape of the production possibilities curve in the above figure indicates that a production of both corn and cloth is

Question 4 (1 point)



The shape of the production possibilities curve in the above figure indicates that
a
production of both corn and cloth is characterized by increasing costs.
b
production of corn is characterized by constant costs and the production of cloth is characterized by increasing costs.
c
production of both corn and cloth is characterized by constant costs.
d
production of corn is characterized by increasing costs while the production of cloth is characterized by decreasing costs.

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