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  9. Q24
Question 24

The shape of a production possibility frontier is determined by the

  • A.increasing relative costs
  • B.returns to scale
  • C.diminishing returns to a fixed factor
  • D.increasing returns to a variable factor
Objective

Question details

Exam body
UNIPORT
Subject
Economics
Year
2009/2010
Question no.
#24
Type
Objective
Previous · Q23The short-run period in the produce is defined as a period when Next · Q25 In a planned economy, what shall be produced is determined primarily by

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