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Question

Draw PPC for an economy, if production possibilities are as under. Also find marginal opportunity cost.
Shirt (Millions)012345
Computer (Thousands)1514129510

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Solution

Shirt (Millions)Computer (Thousands)Marginal Opportunity Cost
015-
11411=1
21221=2
3931=3
4541=4
5051=5

883145_959705_ans_6659b81c4bbf4cabbaaa31068a911ffa.jpg

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