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Plot the production possibilities curve given the following data. Combination Health Care All Other Goods A 0 100 B 25 90 C 50 70 D
Plot the production possibilities curve given the following data.
Combination Health Care All Other Goods
A 0 100
B 25 90
C 50 70
D 75 40
E 100 0
a. Calculate the opportunity cost to each economic combination before.
Compare A to B, B to C, C to D, and D to E.
b) Is it possible to have a combination inside the PPC? Explain.
C) Is it possible to have a combination outside the PPC? Explain.
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