ONCHOREBEN
WHY IS THAT IN REALITY THE PRODUCTIVITY POSSIBILITY FRONTIER CAN NOT HAVE A COSTANT OPPORTUNITY COST AND WHY DOES IT CURVE OUTWARDS FROM THE ORIGIN?
Production possibility frontier
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replied to: ONCHOREBEN
sthe30
Replied to: WHY IS THAT IN REALITY THE PRODUCTIVITY POSSIBILITY FRONTIER CAN NOT...
Because opportunity cost is increasing and resourses are not all equally productive.