Elucidate the concept of the opportunity cost

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Q. Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.

Q. Illustrate scarcity, choice and opportunity cost with the aid of a diagram showing a production possible frontier

Q. the demand function of a manufactures production is P= 1000-2Q where P is the price (per unit) when Q units are demanded (per week) by consumers. find the marginal revenue when 250 units are produced

Reference no: EM1349224

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