Exercise No. 1 Introduction in Economics

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Critical Thinking Question

\fExercise on the Production Possibility Frontier: Corn and Wheat The figure below shows a society's Production Possibilities Frontier for production of corn and wheat. Answer the questions below, referring to this figure. A B C Quantity of Corn D PPF 20 E 10 F 0 0 10 15 20 25 Quantity of Wheat