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1.1 Economic methodology and the economic problem

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Question 73

The diagram below shows a production possibility curve (PPC) for an economy producing military goods and healthcare services.

Production possibility curve graph

The opportunity cost of increasing the output of healthcare services from H1 H_1\,H1​ to H2 H_2\,H2​ is shown by:

H2−H1H_2 - H_1H2​−H1​

M2−M1M_2 - M_1M2​−M1​

M2+M1M_2 + M_1M2​+M1​

M1−M2M_1 - M_2M1​−M2​

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem