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Here is the production possibilities table for war goods and civilian goods: Production Alternative A B C D E 0 250 450 650 850
Here is the production possibilities table for war goods and civilian goods: Production Alternative A B C D E 0 250 450 650 850 130 117 109 89 99 0 a. Draw a production possibilities curve for robots and wheat using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). C. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E? Here is the production possibilities table for war goods and civilian goods: Types of Production A B C Tanks 0 10 10 Bread 75 75 68 9 a. Draw a production possibilities curve for tanks and bread using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). C. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E?
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