1.1 Nature of economics

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Question 8

Using the diagram below, calculate the opportunity cost of the decision to increase the production of Consumer Goods to 90 million units (moving from Point P to Point Q).

A Production Possibility Frontier (PPF) diagram for an economy.

[2]

1.1 Nature of economics

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Question 8

Using the diagram below, calculate the opportunity cost of the decision to increase the production of Consumer Goods to 90 million units (moving from Point P to Point Q).

A Production Possibility Frontier (PPF) diagram for an economy.

[2]

1.1 Nature of economics

Question 8

1.1 Nature of economics Questions

1.1 Nature of economics

Question 8

1.1 Nature of economics Questions