The shape of the production possibility frontier is determined by the_________
ECONOMICSJAMB 2019
The shape of the production possibility frontier is determined by the_________
- A. law of returns to scale
- B. law of diminishing returns
- C. factors of productions
- D. technology
Correct Answer: B. law of diminishing returns
Explanation
Law of diminishing returns also known as law of variable proportion is used to determine. The shape of the PPF.
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