Economy, asked by khanasad123787, 7 months ago

explain opportunity cost with help of production possibilities curve​

Answers

Answered by s24025avarshitha0006
3

Explanation:

PPF is a line on the production possibility curve that show the maximum possible output an economy can produce. 4. Opportunity Cost Opportunity cost is defined as the value of next best alternative ,so opportunity cost measures the sacrifice we make when we are forced to make choices due to scarcity.

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