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Answer the following questions: 1. Make a list of other products that can be made with paraffin wax. 2. Now, make a list of other

Answer the following questions:

1. Make a list of other products that can be made with paraffin wax.

2. Now, make a list of other productive resources like wood, steel, workers, and cotton;

3. Next, make a list of goods that can be produced from those resources.

4. Do you have anything on your list of productive resources that can be used to produce more than one good? If so, identify the opportunity costs of producing those goods.

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