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Why do points on a utility possibility curve represent efficient allocations of resources

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Question;Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping? Draw a utility possibility curve, and show how it is possible to achieve efficiency by moving from a point within the curve and the axes to a point on the curve. Create a graph on a spreadsheet program

 

Paper#57128 | Written in 18-Jul-2015

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