Below Is a Picture of a Production Possibilities Curve That

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The Answer is This PPC does not illustrate the principle of increasing marginal opportunity cost.To see why not,think about moving along the PPC from points A to B and then from points B to C.For a movement from A to B,the opportunity cost of notes is 1 lecture.For a movement from B to C,the opportunity cost of notes is also 1 lecture.Thus this PPC illustrates a constant opportunity cost.This example demonstrates that the nature (or type)of opportunity cost is directly related to the shape of the PPC.

Below Is a Picture of a Production Possibilities Curve That

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Below Is a Picture of a Production Possibilities Curve That

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