Explain the problem 'how to produce Explain the central problem of 'choice of technique'. . oro del Why does an economic problem arise ? Explain. Explain the concept of opportunity cost with an example. 12 Discuss meaning of production possibility curve through a schedule and diagr Explain the shape of a production possibility frontier. Concwe Fit Explain why a production possibilities curve is concave. 24 “An economy always produces on but not inside a PPC." Defend or refute. L Which factors lead to a shift of the PPC? 56 and 5 What is ‘Marginal Rate of Transformation'? Explain with the help of an examp Define production possibilities curve. Explain why it is downward sloping from Why is production possibility frontier called the opportunity cost curve? OW (AHSEC Model State how economic activities are organised in a mixed economy. gides ng Answer Type Questions:
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