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Hi tutor, please help me with these questions. I hope you can give a substantial and accurate answer/explanation. Please refer to Table 1 and answer
Hi tutor, please help me with these questions. I hope you can give a substantial and accurate answer/explanation.
Please refer to Table 1 and answer the following questions:
Table 1 shows the production possibilities frontier of a small Pacific island economy. Use this table to work on these exercises.
- Explain why this economy cannot produce 2 pounds of fish and 18 pounds of berries.
- Explain why 3 pounds of fish and 11 pounds of berries achieves production efficiency.
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