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The shape of the production possibility frontier is determined by the_________

Economics
JAMB 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
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Correct Answer: Option B
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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