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Quiz: Business Economics | Meaning | Definition | Tutorstips | Tutorstips
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Quiz
Business Economics | Meaning | Definition
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Question 1 of 10
Score: 0
Why is the Production Possibility Curve (PPC) concave to the origin?
A
Due to constant opportunity cost
B
Due to decreasing returns to scale
C
Because resources are equally efficient in all jobs
D
Due to increasing marginal opportunity cost (Marginal Rate of Transformation)
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