2 years ago

How does a production pOssibility chart assist in outlining opportunity cost?

1 answer:

3 0

Answer:

The production possibility chart/frontier assist in outlining opportunity cost as it compares the production cost of one product to another. The purpose of this curve/chart/frontier is to show the different combinations/mixture of two goods that are produced by the given resources. Assumptions of production possibility frontier;

Explanation:

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