The basic assumptions of production possibility curve are: The resources are given and remain constant. The technology used in the production process remains constant. The resources and technology are fully and efficiently utilized.
The basic assumptions of production possibility curve are: The resources are given and remain constant. The technology used in the production process remains constant. The resources and technology are fully and efficiently utilized
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The basic assumptions of production possibility curve are: The resources are given and remain constant. The technology used in the production process remains constant. The resources and technology are fully and efficiently utilized.
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Explanation:
The basic assumptions of production possibility curve are: The resources are given and remain constant. The technology used in the production process remains constant. The resources and technology are fully and efficiently utilized