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Please answer Q 4 and 5 only Part 1- Production Possibilities- Assume that the table below shows the economy of Greendale. Capital Goods Consumer Goods

Please answer Q 4 and 5 only

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Part 1- Production Possibilities- Assume that the table below shows the economy of Greendale. Capital Goods Consumer Goods 1. Draw a correctly labeled graph with the above information. 2. Calculate the opportunity cost of switching from combination A to B. 3. Calculate the opportunity cost of switching from combination D to C. 4. Is this an example of increasing opportunity cost or constant opportunity cost? Explain 5. Assume the economy of Greendale intentionally to decide to produce combination D rather than combination B. What is the long- term trade-off ofthis decision? Explain

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