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Author Question: The diagram below shows two production possibilities boundaries for Country X.FIGURE 1-4Refer to ... (Read 39 times)

ksmithunr

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on: Oct 12, 2022

The diagram below shows two production possibilities boundaries for Country X.



FIGURE 1-4

Refer to Figure 1-4. If Country X were producing at point C,


◦ the opportunity cost of moving to point A is to give up an increase in the production of consumer goods.
◦ it is not possible to move to any point on PPB1 or PPB2 without technological progress.
◦ the opportunity cost of moving to point A is zero.
◦ the opportunity cost of moving to point A is to give up some capital goods.
◦ this is the maximum output possible from given resources.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ksmithunr on Oct 12, 2022

ahardin89

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ksmithunr

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Reply 2 on: Oct 12, 2022
Wow, this really help

Dominic

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Reply 3 on: Yesterday
Excellent

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