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Economics

1. Describe the connections between opportunity cost and the production possibilities frontier?

2. What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?

3. When economists state that the opportunity cost of a product increases as more of it is produced, what do they mean?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9293124

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