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Explain the relationship between the bowed-out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is

  1. Explainthe relationship between the bowed-out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced?(3 points)

  1. What is the difference between quantity demanded and demand?Explainthe factors that change the demand. (5 points)

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