Multiple Choice Questions on The bowed shape of the production possibilities curve illustrates ........ for Common University Entrance Test (CUET) Preparation

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Economics (CUET) Common University Entrance Test (CUET)

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Study Notes

    The bowed shape of the production possibilities curve illustrates.

    Law of Increasing Marginal Cost

    Correct Answer

    The production is inefficient

    Incorrect Answer

    The production is unattainable

    Incorrect Answer

    The demand is relatively elastic

    Incorrect Answer
    Explanation:

    Law of Increasing Marginal Cost


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