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Please assist with an step by step explanation of the below question: Using the nformation given: plot a fully labelled diagram to illustrate the production
Please assist with an step by step explanation of the below question:
Using the nformation given: plot a fully labelled diagram to illustrate the production possibility curve (PPC) and use it to explain the concept of scarcity, choice, and opportunity cost (Note: Oranges should be on the Y-axis and apples on the X-axis) 20.0 55 (12 Marks) 28.0 30.0 1.2 Use the production possibility curve (PPC) drawn in 3.1 to describe the idea of 'efficiency' and 'inefficiency' (4 marks) 1 _3 Wth the aid of a separate diagram, explain what would happen if an improved technique for producing apples has been developed (4 marks)
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