9. why is alpine sports combined ppc bowed out? because production is inefficient because resources are…
9. why is alpine sports combined ppc bowed out? because production is inefficient because resources are infinite because opportunity costs rise as production shifts between goods because consumer demand fluctuates
Answer
Brief Explanations:
The production - possibilities curve (PPC) is bowed out due to the law of increasing opportunity cost. As production shifts from one good to another, resources are not equally productive in all activities, so opportunity costs rise. Production inefficiency would mean points inside the PPC, resources are finite in reality, and consumer demand fluctuations affect the demand curve rather than the shape of the PPC.
Answer:
Because opportunity costs rise as production shifts between goods