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Chapter 2: Q. d - For Critical Thinking (page 36)

Why might the production possibilities curve relating the number of electronic-gadget-accessory boxes at passenger seats to the quantity of seats on a plane be bowed? Explain your reasoning.

Short Answer

Expert verified

The increase in production of the electronic-gadget-accessory box will lead to a decrease in the number of seats which will lead to the bowed production possibility curve.

Step by step solution

01

Step 1. Production possibility.

The production possibility curve is all possible combinations that are possible in an economy.

02

Step 2. Reason.

The increase in production of the electronic-gadget-accessory box will lead to a decrease in the number of seats which will lead to the bowed production possibility curve.

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