The transformation curve slopes indicate that
...The transformation curve slopes indicate that
Opportunity cost of producing one commodity for another
Opportunity cost of producing two commodities at a time
Sales of the plants to other investors
Decrease in the cost of production
Correct answer is A
The transformation curve shows the amount of commodity X that the economy has to give up to obtain an additional unit of commodity Y (and vice versa). It simply shows the opportunity cost of producing one thing against another (the forgone alternative to get something else).
Industries for consumer goods are concentrated in urban centers as a result of ...
The use of modern weaving machines in the production of local fabric will result in ...
A central argument of cardinal utility is that utility is ...
The economic goals of public corporation is to ...
Demand for labour depends on the following factors EXCEPT ...
One of the reasons why Nigeria is a mono-economy is because of her _______ ...