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solve with explaination b. Given the Information above, what is the opportunity cost of the 55th keg of beer in Alberta? Of the 6th side
solve with explaination
b. Given the Information above, what is the opportunity cost of the 55th keg of beer in Alberta? Of the 6th side of beef? Of the 9th side of beef? c. Suppose Alberta is currently producing 4 sides of beef and 45 kegs of beer. What is the opportunity cost of 5 more sides of beef in Alberta? d. Would the combination of 40 kegs of beer and 4 sides of beef be efficient? Why or why not? e. Is the combination of 9 kegs of beer and 10 sides of beef possible for Alberta? Why or why not? Using the table below, answer the questions that follow it. 2-Using the table below, answer the questions that follow it. Combinations A B D m Pizza 2 3 20 18 14 8 O a. What are the assumptions for a given production possibilities curve? b. What is the opportunity cost of one pizza when moving from point B to point C? When moving from point D to point E? . Do these combinations demonstrate constant or increasing opportunity costs? 3. Suppose the following production possibility table represents the province of Quebec. E 16 20 40 50 a. Construct the production possibilities frontier (PPF ) for cheese and tractors b. Does this production possibilities frontier illustrate the law of increasing opportunity cost? Explain. c. Suppose a technological advance increases the efficiency of cheese production, leaving tractor production unaffected. What impact would this have on the PPF for the province of Quebec? . Suppose tractors represent capital goods and cheese represents consumption goods. If the province of Quebec altered its production from combination B to combination E, what impact could this have on the future economic growth of the provinceStep by Step Solution
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