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1)Explain about production possibilty frontier/curve (PPF/PPC) with one real-world example (from other sources). Include any relevant figures and the respective PPF/ PPC diagram. 2)Briefly summarize

1)Explain about production possibilty frontier/curve (PPF/PPC) with one real-world example (from other sources). Include any relevant figures and the respective PPF/ PPC diagram.

2)Briefly summarize what you have learnt about the real world application of PPF and its related concepts......

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