Elucidate how production possibility table or curve reflects

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Reference no: EM1367630

Q. 1. Upon Illustrate what specifications is production possibilities curve based?

2. Elucidate how production possibilities table or curve reflects law of increasing opportunity costs.

3. Illustrate what do points along PPC recurrent (with respect to available resources)?

4. How can economy produce points located outside PPC?

Reference no: EM1367630

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