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Suppose that a nation's production possibilities can be represented by the table below: Production Alternatives Products A B C D E Computers 0 6 10
Suppose that a nation's production possibilities can be represented by the table below:
Draw and label the production possibilities graph. Show the following on your graph:
5. Suppose the economy is currently producing 14 computers and 6 cell phones. Is this economy producing efficiently? Why? |
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