A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2020 · Q11 Mark
The diagram shows a production possibility curve. What can be deduced from the shape of this curve?
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
Adecreasing marginal returns to consumption
Bdecreasing opportunity costs of consumption
Cincreasing opportunity costs of production
Dincreasing returns to scale
✓ Correct answer
C: increasing opportunity costs of production
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