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Answer the following correctly and completely! Part II. Production Possibilities frontier Direction: Plot the production possibilities frontier of the belowdata with good X in the

Answer the following correctly and completely!

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Part II. Production Possibilities frontier Direction: Plot the production possibilities frontier of the belowdata with good X in the horizontal axis and good '1'" on the vertical axis. Production Alternatives 0 15 18 21 24 45 42 3? 2? Question: 1. Explain the different points on the curve. What does each point represent? 2. Why:r is it important for an economyr to be on its production possibility frontier

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