Question

ECONOMICS QUESTIONS

Q1. What to Produce' means the [1]
(1) Types of goods to be produced (ii) quantity of goods to be produced
(iii) Both (a) and (b) (iv) neither (a) and (b)

Q2. Transformation curve is concave to the origin because of [1]
(a) Increasing MRT (b) Constant MRT
(c) Diminishing MRT (d) None of these​

Answer 1

Explanation:

1-both a and b

2 -I don't now

Answer 2

Answer:

1. option c because produce means Types of goods to be produced and quality of goods to produce.

2.Increasing MRT