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The following table gives points on the production possibilities frontier for caps and jackets in the country of Neverland. Use the table to answer the
The following table gives points on the production possibilities frontier for caps and jackets in the country of Neverland. Use the table to answer the following questions. Production combination Caps Jackets 100 10 97 20 90 D 30 75 E 40 55 F 50 30 G 60 1, If you are at point E, what are the maximum possible combinations of caps and jackets? 2. What is the opportunity cost of moving from point D to E? 3. Does this table exhibit no opportunity cost, decreasing opportunity cost, constant opportunity cost or increasing opportunity cost? Explain. 4. If all resources are utilized to produce only caps, how many caps and jackets will be produced
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