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Author Question: FIGURE 1-5Refer to Figure 1-5. Suppose the relevant production possibilities boundary is the one ... (Read 115 times)

haydenjmcm

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on: Oct 12, 2022




FIGURE 1-5

Refer to Figure 1-5. Suppose the relevant production possibilities boundary is the one labelled B. This boundary implies that


◦ the opportunity cost of producing either capital goods or consumer goods does not depend on how much of each good is produced.
◦ consumer goods are preferred to capital goods.
◦ in this society, the resources are not efficiently employed.
◦ capital goods are preferred to consumer goods.
◦ the concept of opportunity cost is not at work in this economy.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by haydenjmcm on Oct 12, 2022

KeriJennin

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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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haydenjmcm

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

frankwu0507

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Reply 3 on: Yesterday
Excellent

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