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Why production possibility frontier for an economy is normally bowed outward

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Miss lee asked 4 years ago

Why production possibility frontier for an economy is normally bowed outward

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StopLearn Team Staff answered 4 years ago

Thank you for your question. although your question is out of the syllables we currently cover in Economics, I recommend you read this authoritative entry on the topic: https://open.lib.umn.edu/principleseconomics/chapter/2-2-the-production-possibilities-curve/

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