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3 September, 08:08

A production possibilities frontier identifies the dollar cost of producing a good or service in an economy. True or False

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  1. 3 September, 10:27
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    A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.

    True

    Explanation:

    Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.
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