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प्रश्न
The Production Possibility Frontier is generally ______.
विकल्प
Convex Shaped
Concave Shaped
Either (a) or (b)
Neither (a) nor (b)
MCQ
रिक्त स्थान भरें
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उत्तर
The Production Possibility Frontier is generally concave shaped.
Explanation:
The PPF is generally concave shaped because of increasing marginal rate of transformation (MRT).
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