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INTELLIGENT ECONOMIST 3 B 1006 75 C On 50 D Food LA 100 150 Clothes Consider the PPF above for food and clothes. Answer the
INTELLIGENT ECONOMIST 3 B 1006 75 C On 50 D Food LA 100 150 Clothes Consider the PPF above for food and clothes. Answer the questions below: a. What points are BOTH efficient and attainable? b. Moving from point C to point D, what is the opportunity cost of ONE UNIT of clothes? c. Moving from point C to point B, what is the opportunity cost of ONE UNIT of food? d. Why would we expect the PPF to have the concave shape seen here? MacBook Pro
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