3. Concavity of PPC implies :
a) Increasing slope ,
b) Decreasing slope,
c) Constant slope,
d) None of these.
4. Which of the following is related to the problem “ how to produce”?
a) Factorial distribution of income ,
b) The choice of technique ,
c) The choice of product ,
d) None of these.
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Answer:
3.c)Constant slope
4.a)Factorial distribution of income
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Explanation:
a) Increasing slope