The shape of the production possibility frontier is deter...
The shape of the production possibility frontier is determined by the_________
Law of returns to scale
Law of diminishing returns
Factors of productions
Technology
Correct answer is B
Law of diminishing returns also known as law of variable proportion is used to determine. The shape of the PPF.
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An entrepreneur will continue to employ labour up to a point where ...
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The level of economic development is low in Nigeria because ...