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AP Microeconomics 1.3: Production Possibilities

Use production possibilities curves to analyze efficiency, opportunity cost, trade-offs, and growth.

Syllabus
Effective Fall 2025
Course
AP Microeconomics

Covered syllabus points

MKT-1.C—a. Define (using graphs as appropriate) the production possibilities curve (PPC) and related terms. b. Explain (using graphs as…

1.3 Production Possibilities Curve question 1

[Maximum number: 1]

What law best describes a production possibilites curve that has a bowed out or concave shape from the origin?

A

The law of productive efficiency

B

The law of diminishing marginal utility

C

The law of increasing opportunity cost

D

The law of supply

E

The law of demand

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