Question: True False: Using an appropriate diagram , explain whether the following statements are true or false, and why . QUESTION 1 - The slope of

True False: Using an appropriate diagram, explain whether the following statements are true or false, and why.

QUESTION 1 - The slope of the PPF measures the opportunity costs of producing a good.

QUESTION 2 - A profit maximizing firm will never produce in the short run if its economic profits are negative.

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