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wrote...
Posts: 200
4 weeks ago

Figure 2.1


The production possibilities curve in Figure 2.1 illustrates the notion of:

▸ opportunity cost.

▸ increased factory goods production.

▸ increased farm produce production.

▸ diminishing resources.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
4 weeks ago
opportunity cost.
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