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two (2) a. Explain the following in not more than half a page i. Opportunity cost. ii. Production possibility frontier. iii. scarcity b. Using an
two (2) a. Explain the following in not more than half a page i. Opportunity cost. ii. Production possibility frontier. iii. scarcity b. Using an appropriate diagram, explain how the production possibility frontier becomes a model of scarcity, choice and opportunity cost
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
