Why is the slope of the production possibilities frontier

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Reference no: EM131099466

1. How might a social critic respond to the claim that governmental involvement in the economy is unjustified because of the invisible hand theorem?

2. Why is the slope of the production possibilities frontier equal to the ratio of marginal production costs?

3. How might a critic respond to the claim that taxes always make the allocation of resources less efficient?

Reference no: EM131099466

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