Explain the economic implication of the linear shape.
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Answer:product possibility frontier is a curve that represents the combination of 2 goods that an economy can produce with full and efficient use. Explanation: ... Linear but downward sloping ppf- it implies that of sacrifice of units of other good is constant that is MRT is constant when all resources are equally efficient.
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product possibility frontier is a curve that represents the combination of 2 goods that an economy can produce with full and efficient use. Explanation: ... Linear but downward sloping ppf- it implies that of sacrifice of units of other good is constant that is MRT is constant when all resources are equally efficient
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