How does a production possibiities curve illustrate opportunity cost?

Jovobe asked Jan 28, 2022

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Jovobe asked Jan 28, 2022

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Answer:

It shows how much were giving up for the other item.

Step-by-step explanation:

For example to produce 8 million tons of watermelons we have to give up making 1 million pairs of shoes, because resources are limited.

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