Label this curve Carefuly towow the instructions above, and only draw the required abjects The shape of this outward bowed PPC is due to O A. increased production eficiency O B. increasing opportunity costs. Want to read all 12 pages? The shape of this outward bowed PPC is due to C. increasing opportunity costs. Production Possibility Curve (PPC) is the locus (the path of a moving point) of various combinations of two commodities which can be produced with given level of resources and technology. What the Shape of the Curve Tells You . Label this curve 'PPC'. Carefully follow the instructions above, and only draw the required objects. The production possibility curve (PPC) is a two dimensional model, showing how resources can be used to produce two different goods or services or types of good and services. Using the 4-point curved line drawing tool, draw a curve connecting these points Label this curve PPC. D. constant opportunity costs. The bowed-out curve of Figure 2.5 “The Combined Production Possibilities Curve for Alpine Sports” becomes smoother as we include more production facilities. B. increased production efficiency. Uncategorized. The highest point on the curve is when you only produce one good, on the y-axis, and zero of the other, on the x-axis. On the chart, that is Point A. constant opportunity costs. The PPF is bowed inward with a reduction in the opportunity cost for an increasing level of production. Home » Uncategorized » a production possibilities frontier with a bowed outward shape indicates. The economy produces 140,000 apples and zero oranges. The shape of this outward bowed PPC is due to decreasing opportunity costs. 2.) Scarcity implies that a production possibilities curve is downward sloping; the law of increasing opportunity cost implies that it will be bowed out, or concave, in shape. You've reached the end of your free preview. The negative slope of the PPCs indicate that, in order to increase the output of one good, a country has to reduce the output of the other good. The production possibilities curve is bowed in shape because of the law of increasing opportunity cost, which explains the idea that the more units of a … Properly label each point. Properly label each point. Using the 4-point curved Nne drewing tool, draw a curve connecting these points. increasing opportunity costs. The shape of this outward bowed PPC is due to A. decreasing opportunity costs. The production possibility curve bows outward. There are two reasons why economists argue that the PPC must be bowed out. TERM Spring '14; TAGS Macroeconomics, Unemployment. Carefully follow the instructions above, and only draw the required objects. It is also known as transformation curve. We can draw the PPC on the basis of above schedule. C. increasing opportunity costs. a production possibilities frontier with a bowed outward shape indicates. 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