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Which Statement Is True About the Slope of a 'Production

Question 1

Multiple Choice
Which statement is true about the slope of a 'production possibility frontier'?

Which statement is true about the slope of a 'production possibility frontier'?


A) It has no economic relevance or meaning.
B) It is always constant.
C) It measures the opportunity cost of producing one more unit of a good.
D) It is always varying.

Correct Answer:

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