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ktpizzle1993 ktpizzle1993
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A year ago
The negatively sloped production possibilities boundary illustrates

▸ failure to use all the available resources.

▸ producing more of one good requires producing more of others.

▸ decreasing opportunity cost of production.

▸ the opportunity cost of increased production of goods or services.

▸ the efficient use of resources.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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lucypierce86lucypierce86
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A year ago
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ktpizzle1993 Author
wrote...

A year ago
Thanks
einstein
wrote...

Yesterday
Good timing, thanks!
paulinaibarra98
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2 hours ago
Thanks
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