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When a production possibilities frontier is concave, the opportunity cost of producing a good a) increases as more of the good is produced. b) decreases
When a production possibilities frontier is concave, the opportunity cost of producing a good a) increases as more of the good is produced. b) decreases as more of the good is produced. c) does not change as more of the good is produced. d) may increase, decrease, or not change as more of the good is produced
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Management And Organisational Behaviour
Authors: Laurie Mullins
7th Edition
0273688766, 978-0273688761
