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Figure 1-1 C . A Quantity of Guns Produced . B D Quantity of Butter Produced8. Referring to Figure 1-1, which of the following statement
Figure 1-1 C . A Quantity of Guns Produced . B D Quantity of Butter Produced8. Referring to Figure 1-1, which of the following statement best describes the shape of the frontier? a. It is bowed out because of the increasing opportunity cost of butter, but not guns b. It is bowed out because of the increasing opportunity cost of guns, but not butter c. Both guns and butter have increased opportunity costs, which cause the frontier to bow out. d. Opportunity costs between guns and butter are constant
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