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Why is production possiblity curve called opportunity cost curve |
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Answer» Explanation: PRODUCTION Possibility CURVE is CALLED the opportunity cost curve as it is the curve which SHOWS the COMBINATIONS of two goods and services that can be produced with fuller utilisation of a given amount of resources in the most efficient way and with a given production technology. ... PPC is concave to origin hope it helps mark me brainliest like it and follow me tooo........ |
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