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Video: Increasing opportunity cost / microeconomics / Khan Academy Watch the video above and then answer the following question in no less than 5 sentences:
Video: Increasing opportunity cost / microeconomics / Khan Academy
Watch the video above and then answer the following question in no less than 5 sentences:
Question:-Why is the production possibility frontier (curve) concave in shape (bows outward)?
Note to maximize points: Review Chapter 2 of the text on PPF (it is included in the resources, I am looking for the key terms and economic concepts, don't guess - review the resources in the course is Video: Society's Production Possibilities Curve)
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