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The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy. Combination Guns
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy. Combination Guns Butter A 0 8 B 20 6 C 60 4 D 80 2 E 100 0 Your response should be a number ONLY. 1. What is the marginal opportunity cost of moving from 2 to 4 units of butter? Guns. 2. What is the total opportunity cost of producing the four (4) unit of butter? Guns 3. What is the marginal opportunity cost of moving from 4 to 6 units of of butter? Guns 4. What is the total opportunity cost of producing six (6) unit of butter? Guns
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