Number of Production Number of Production Workers of Balls Workers of Bats 0 0 0 0 10

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Number of Production Number of Production Workers of Balls Workers of Bats 0 0 0 0 10 150 10 20 20 250 20 36 30 325 30 46 40 375 40 52 50 400 50 55 TABLE 1.16

a) From these data, calculate Utopia’s production possibilities to complete Table 1.14.

a) If Lanark is producing 16 cars, approximately how much wheat can it produce?

Answer:

b) If Lanark is currently producing combination C, what is the cost of 10 more wheat?

Answer:

c) If Lanark is currently producing combination D, what is the approximate unit cost of an additional car?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 08, 2024 09:00 AM

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Principles Of Macroeconomics

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