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the slope of a production possibility curve represents the opportunity cost of producing an additional good in terms of how much of another good must be given up. true false question.

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True. The slope of the production possibility curve represents the opportunity cost of producing other goods in terms of how much another good must be given up.

The production possibility curve helps us to illustrate how to produce the maximum output of two goods when a minimum number of inputs is used for the production of the goods. The curve will help us to understand and analyze different conditions in which the input is lowered and the output is maximized.

The slope of the production possibility curve represents the opportunity cost of producing one good instead of the other. This helps to analyze optimum permutations and combinations for better results.

To know more about the Production Possibility Curve, Click here:

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