All part solve Question 8Assume that country X produces two goods-sugar and shoes-and that the country's productionpossibility curve is "bowed-out." As the country produces more sugar the opportunity cost of sugarin terms of shoes foregone will:O remain unchanged.O increase.O decrease.initially increase and then decrease.. Question 9A production possibilities curve that is a straight line represents the case ofconstant costs.constant opportunity costs but decreasing real costs.O constant opportunity costs but increasing real costs.increasing costs.

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ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question 9
A production possibilities curve that is a straight line represents the case of
constant costs.
constant opportunity costs but decreasing real costs.
O constant opportunity costs but increasing real costs.
increasing costs.

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