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Author Question: The production possibilities boundary shows possible combinations of guns and butter that can be ... (Read 71 times)

Drewster127

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on: Oct 12, 2022

The production possibilities boundary shows possible combinations of guns and butter that can be produced by a country. The lower diagram shows demand and supply for butter.



FIGURE 12-2

Refer to Figure 12-2. Demand and supply for butter are shown by D and S. Suppose the economy is at point (a) on the production possibilities boundary. How can this economy move toward allocative efficiency?


◦ produce more butter, fewer guns
◦ increase the supply of guns
◦ increase the demand for butter
◦ produce less butter, more guns
◦ expand the production possibilities boundary outward
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Drewster127 on Oct 12, 2022

Harsh06

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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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Drewster127

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

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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