Answered: Why is the production possibility curve…

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Economics

Why is the production possibility curve also called as the opportunity cost curve

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 8SQP

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Why is the production possibility curve also called as the opportunity cost curve

Definition Definition Curve that represents the various combinations of production possibilities of two commodities when resources or factors of production are given.

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