what is the slope of ppc? what does it show?
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The value of slope at any point on the Production Possibilities Frontier (PPF) curve or Production Possibilities Curve (PPC) indicates the opportunity cost. It is also called as marginal rate of transformation (MRT). Slope of the PPC defines the rate of producing two goods with available resources and technology...
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The value of slpoe at any point on the production possibilities Frontier curve of production possibilities curve indicates the opportunity cost
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