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Hello Could I please get help with this question with an explanation of the different steps. Thank you. A country is capable of producing the

Hello Could I please get help with this question with an explanation of the different steps. Thank you.

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A country is capable of producing the following combinations of goods and services per period of time, assuming that it makes full use of its resources of land, labour and capital. Ilia-mun nIm-mm 1.1. Draw the production possibility curve for this country on the following diagram. 1.2.ls it possible for this country to produce the following combinations of goods and services? (i) 80 units of goods and 50 units of services ............................................................. (ii) 70 units of goods and 90 units of services .............................................................. (iii) 40 units of goods and 100 units of services ............................................................ 1.3.What is the opportunity cost (in terms of services) of producing 20 extra units of goods when this country is initially producing: (i) 60 units of goods (ii) 20 units of goods

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