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What is the difference between production possibility curve and iso quant? ??? |
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Answer» Answer: ISO QUANT CURVE : A curve which show different combination of INPUT PRODUCES even number of output is know as isoquant curve PRODUCTION POSSIBILITY CURVE:the graphical representation of optimum output of two goods with the use of a FIXED amount of input is known as production possibility curve Explanation: For the well explanation see the pics I send wish you a cushy life path strewn with roses buddy ❤ |
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