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Product Possibilities Curve Practice Please use your own piece of paper to complete this practice activity. Production Alternative Types of Production A B C D
Product Possibilities Curve Practice Please use your own piece of paper to complete this practice activity. Production Alternative Types of Production A B C D E Butter 0 10 12 14 16 Guns 50 40 30 20 0 a. Draw a production possibilities curve for butter and guns using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (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? What is the opportunity cost of moving from point D to point E
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