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In the accompanying diagrams, solid lines are production possibilities curves, and the dashed lines are trading possibilities curves. The opportunity cost of producing a ___.

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In the accompanying diagrams, solid lines are production possibilities curves, and dashed lines are trading possibilities curves. The opportunity cost of producing a beer in West Lothian is ½ pizza.

production

In a manufacturing process, production is the procedure of converting raw materials or inputs into completed items or products. In other terms, it refers to the process of creating anything from fundamental inputs.

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