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What does a concave-shaped production possibility curve indicate? - Economics

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प्रश्न

What does a concave-shaped production possibility curve indicate?

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उत्तर

A concave production possibility curve signifies increased opportunity cost due to the unequal efficiency of resources in the production of various items.

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अध्याय 21: Project Work - PROJECT 6 [पृष्ठ ४३८]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 21 Project Work
PROJECT 6 | Q 5. | पृष्ठ ४३८
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