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Author Question: On a diagram of a production possibilities boundary, the concept of opportunity cost is illustrated by the (Read 52 times)

zl00505

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on: Oct 12, 2022

Question 1

On a diagram of a production possibilities boundary, the concept of scarcity is illustrated by the
◦ points on the boundary.
◦ distance from the origin to the boundary.
◦ area within the boundary.
◦ unattainable points outside the boundary.
◦ negative slope of the boundary.

Question 2

On a diagram of a production possibilities boundary, the concept of opportunity cost is illustrated by the
◦ unattainable points outside the boundary.
◦ negative slope of the boundary.
◦ area bounded by the two axes and the boundary.
◦ boundary being concave to the origin.
◦ distance from the origin to the boundary.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by zl00505 on Oct 12, 2022

GoldenBrown

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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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zl00505

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
Gracias!

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