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Assume efcient production for this question. Consider the joint PPF for two people Ann and Bill, each choosing how to allocate their land to producing
Assume efcient production for this question. Consider the joint PPF for two people Ann and Bill, each choosing how to allocate their land to producing avocados and durians. When Ann and Bill are fully specialized the total production of economy is 123 durians and 231 avocados. If they produce only durians and no avocados, the economy produces 636 durians. When the economy produces 80 avocados What is the Opportunity cost of an extra DU RIAN in terms of AVOCADOS? Enter a number only. (Hint: sketch out as much of a PPF as you can with the information to help you think through this question) 2.22 0.45 margin oi error 0.05
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