Refer to the diagram above. In this instance, the range of production possibilities at point d,
A. is a steeper slope reflecting increasing profits due to diminishing costs.
B. is a steeper slope reflecting a lower price.
C. is a steeper slope reflecting a return to losses due to diminishing returns.
D. is a steeper slope reflecting higher total revenue.
Answer:C
Refer to the diagram above. In this instance, the range of production possibilities at point d,
A. is a steeper slope reflecting increasing profits due to diminishing costs. B. is a steeper slope reflecting a lower price. C. is a steeper slope reflecting a return to losses due to diminishing returns. D. is a steeper slope reflecting higher total revenue.
Explanation: Category: Analyze