Calculate marginal opportunity cost in the following example. Plot the production possibility
curve by taking cloth consumption on the x-axis. Comment on the shape of the curve.
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Explanation:
food clothes marginal opportunity cost
280 0
258 1 280-258 =22
233 2 258-233=25
205 3 233-205=28
175 4 205-175=40
140 5 175-140=35
100 6 140-100=40
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