A production possibilities frontier with increasing opportunity cost is considered _________ and one with constant opportunity cost is considered _____________.

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A production possibilities frontier with increasing opportunity cost is considered _________ and one with constant opportunity cost is considered _____________. A. concave; convex. B. convex; concave. C. concave; a straight line. D. vertical; horizontal Total surplus is calculated as: A. consumer surplus plus market efficiency. B. producer surplus plus deadweight loss. C. consumer surplus plus deadweight loss. D. producer surplus plus consumer surplus.

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A production possibilities frontier with increasing opportunity cost is considered _________ and one with constant opportunity cost is considered _____________. A. concave; convex. B. convex; concave. C. concave; a straight line. D. vertical; horizontal Total surplus is calculated as: A. consumer surplus plus market efficiency. B. producer surplus plus deadweight loss. C. consumer surplus plus deadweight loss. D. producer surplus plus consumer surplus.

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