If the production efficiency locus in the Edgeworth box diagram were the diagonal of the box, what

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If the production efficiency locus in the Edgeworth box diagram were the diagonal of the box, what would be the shape of the production-possibilities frontier, assuming constant returns to scale in both industries?

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:20 AM

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If the production efficiency locus in the Edgeworth box diagram were the diagonal of the box, what

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The PPF would exhibit constant opportunity costs Suppose that the employment of all of the economys ...View the full answer

International Economics

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