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Business, 19.02.2022 09:40 makk60

On a production possibilities frontier (PPF) with Good X on the horizontal axis and Good Y on the vertical axis, we can say that the slope of the PPF (in absolute value) equals the opportunity cost of producing Good X with respect to the production of Good Y. This is true because the slope:

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On a production possibilities frontier (PPF) with Good X on the horizontal axis and Good Y on the ve...
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