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  • 1.4.1-Production Possibility Curve - QP

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    James Mai
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    The document discusses production possibility curves and their use in economics. A production possibility curve illustrates the maximum amounts of two goods an economy can produce while using all available resources efficiently. It shows that an economy can produce more of one good only by reducing production of the other as resources are diverted between the two alternatives.

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    1.4.1-Production Possibility Curve -Qp

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    The document discusses production possibility curves and their use in economics. A production possibility curve illustrates the maximum amounts of two goods an economy can produce while using all available resources efficiently. It shows that an economy can produce more of one good only by reducing production of the other as resources are diverted between the two alternatives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views3 pages

    1.4.1-Production Possibility Curve - QP

    Uploaded by

    James Mai
    The document discusses production possibility curves and their use in economics. A production possibility curve illustrates the maximum amounts of two goods an economy can produce while using all available resources efficiently. It shows that an economy can produce more of one good only by reducing production of the other as resources are diverted between the two alternatives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    PRODUCTION POSSIBILITY CURVE

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