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Posted: April 10th, 2022
Define the production possibilities curve in your own words- Microeconomics
Use the following graph to handle questions four and 5 under. Take into account a production possibilities curve (PPC) for an economic system that produces farm items and manufacturing unit items. It will probably produce the combos listed in the desk. Discover if the economic system produces extra farm items, it is going to quit manufacturing unit items assets.
Level on PPC |
Farm items |
Manufacturing unit items |
b |
10 |
700 |
c |
20 |
650 |
e |
60 |
400 |
f |
70 |
120 |
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