Refer to Table 2-3. Based on the values in the table, the production possibilities frontier is

A) bowed outward indicating increasing opportunity costs.
B) bowed outward indicating decreasing opportunity costs.
C) a straight line indicating constant opportunity costs.
D) bowed inward indicating increasing opportunity costs.

Production Possibilities Frontier

A depiction that captures every maximum production possibility for two specific commodities, predicated on a range of inputs that includes resources and additional variables.

Opportunity Costs

The expense incurred from not selecting the next most favorable choice when a decision is taken or preferring one alternative over another.