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QUESTION

Why does a production possibilities curve bow out rather than forming a straight line sloping downward from left to right?

Why does a production possibilities curve bow out rather than forming a straight line sloping downward from left to right? This needs to be at least 200 words and cited in APA.

The production possibility curve bows outward becuase of the law of increasing cost. “The law of increasing costs takes place when society uses more resources (which takes those resources always...
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