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The Production Possibilities Frontier (PPF) is the maximum production that the market can produce when the technology and resources is being fully utilized. Illustrate

The Production Possibilities Frontier (PPF) is the maximum production that the market can produce when the technology and resources is being fully utilized. Illustrate and explain the movement of the PPF with the changes in: i) both production (increasing of technology). ii) one production (decreasing of labor).

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Answer i The Production Possibilities Frontier PPF is a graphical representation of the maxim... blur-text-image

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