Solution 1 Explain the connections between opportunity cost and the production possibilities frontier 2 Marks 2 What is the relationship between the
Solution Explain the connections between opportunity cost and the production possibilities frontier Marks What is
Solution Explain the connections between opportunity cost and the production possibilities
connections between opportunity cost and the production possibilities frontier Marks What is the relationship between the
Solution Explain the connections between opportunity cost and the
production possibilities frontier Marks What is the relationship between the
Solution Explain the connections between opportunity cost
Solution Explain the
(Solution) 1 . Explain the connections between opportunity cost and the production possibilities frontier ? ( 2 Marks ) 2.What is the relationship between the

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1 . Explain the connections between opportunity cost and the production possibilities frontier ? 2.What is the relationship between the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced ? 3.When economists state that the opportunity cost of a product increases as more of it is produced, what do they mean ? What is the opportunity cost ?1 . Explain the connections between opportunity cost and the production possibilities frontier ? ( 2 Marks ) 2.What is the relationship between the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced ? ( 4 Marks ) 3.When economists state that the opportunity cost of a product increases as more of it is produced, what do they mean ? What is the opportunity cost ? ( 4 Marks )

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