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Commerce · Q1278

Economics

Graduate and Post Graduate · Commerce · question 1278

Q1278

Imagine a country which has certain available resources and techniques. Assume that the country is producing two commodities A and B. Now if you draw a Production Possibility curve it will slope downwards. It will be

A.
A convex curve
B.
A concave curve
Answer
C.
A straight line curve
D.
A rectangular hyperbola

Answer: Option B

Solution

Answer: Option B
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