Question: Given the above graph, what would be produced at points A, B and C? What is the basic principle that the production possibility curve illustrates?

  1. Given the above graph, what would be produced at points A, B and C?
  2. What is the basic principle that the production possibility curve illustrates?
  3. What does a point inside the production possibility curve illustrate?
T-shirt 100 85 45 20 20 20 45 55 60 Pants

T-shirt 100 85 45 20 20 20 45 55 60 Pants

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