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<ol><li>How does production possibility curve illustrate scarcity, choice and opportunity

cos?</li><li>If an economy is producing two products, namely cloth and wheat, inside the production possibility curve, what does this point indicate?</li></ol>

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The production possibility curve illustrate the production of two goods and how producing one of more good will impact the... View the full answer

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The PPC measures the maximum production of two goods when using a fixed input variable, for instance the combination factors... View the full answer

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