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Question
Production Possibility Frontier is ______.
Options
Downward Sloping
Concave Shaped
Both (a) and (b)
Either (a) or (b)
MCQ
Fill in the Blanks
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Solution
Production Possibility Frontier is downward sloping and concave shaped.
Explanation:
The PPF is downward sloping because more of one good can be produced only by producing less of the other, and it is concave shaped due to increasing MRT.
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