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2. Conceptualize a PPF from the following table, Remember to label your axes. (Put Soybeans on the x-axis) and answer the questions that follow. Wheat
2. Conceptualize a PPF from the following table, Remember to label your axes. (Put Soybeans on the x-axis) and answer the questions that follow. Wheat 25 38 52 60 65 72 Soybeans 12 10 8 6 2 a) What is the opportunity cost of producing one more unit of Soybeans if the current level of production is at 4, 6, and 8. (9 marks) b) Using an example explain the Production Possibilities Curve in your own words. (6 marks)
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