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Ben also owns an ice cream parlor. In an hour he can produce 88 milkshakes or 88 ice cream sundaes. Emily's opportunity cost of producing
Ben also owns an ice cream parlor. In an hour he can produce 88 milkshakes or 88 ice cream sundaes. | Emily's opportunity cost of producing 1 milkshake is _____. Ben's opportunity cost of producing 1 milkshake is _____. | is a pizza and pastapizza and pasta producer that experiences increasing opportunity cost. | Draw a production possibilities frontier for the firm. | Label it PPF. | Draw a point that is attainable. Label it Attainable. | Draw a point that is not attainable. Label it Unattainable |
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