(Answered) Which of the following correctly characterizes the shape of

Economics

Which of the following correctly characterizes the shape of a production-possibilities curve?

A) A straight line indicating the law of increasing opportunity costs applies

B) A straight line when there is constant opportunity costs

C) A line that curves outward when resources are perfectly adaptable in the production of different goods

D) A line that curves inward when resources are perfectly adaptable in the production of different goods

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Microeconomics, Economics

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