Solution-What is the implication in opportunity costs

What is the implication in opportunity costs

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An economy uses only labor as input to produce two goods, A and B. If its production possibilities frontier (PPF) of two goods is a negative-sloped straight line, what is the implication in opportunity costs? Will the law of increasing costs still hold? Please state briefly.

Reference no: EM132324750

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What is the implication in opportunity costs : If its production possibilities frontier (PPF) of two goods is a negative-sloped straight line, what is the implication in opportunity costs?

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What is the implication in opportunity costs

Reference no: EM132324750

Reference no: EM132324750

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