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The production possibility frontier (PPF) is a straight line in the Ricardian model. The PPF becomes a concave curve in the specific-factors model because of:
The production possibility frontier (PPF) is a straight line in the Ricardian model. The PPF becomes a concave curve in the specific-factors model because of: a the diminishing marginal product of labor. b the interaction between multiple factors. c the observation that the more labor assigned to work on a fixed quantity of land or capital, the lower the productivity of the last unit of labor. d all of the above
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