Which production possibilities frontier (PPF) reflects increasing opportunity costs? PPF 1 PPF 2 PPF 3 PPF 4

PPF 4

Explanation:

Actually, PPF is meant to have a concave curvature when opportunity cost tends to rise. This can happen as a result of the fact that factors of production can be used in either widget or gizmo. Some of the factors of production can be more productive in widget.

The production possibilities frontier is a graph which shows the combination of two goods that can be manufactured with resources that are available.

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hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi