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Tutorial 1 1. Given production possibilities for country MAX: 10 5 15 20 30 35 40 45 25 75 Y 99 96 91 84 64
Tutorial 1 1. Given production possibilities for country MAX: 10 5 15 20 30 35 40 45 25 75 Y 99 96 91 84 64 51 36 19 Possibility a b C d e f g h a) Draw country MAX's PPF. b) On the same figure, plot a point for: i) Attainable and efficient point. Label it as J. ii) Unattainable point Label it c) Calculate and explain country MAX's OC if the production change from: i) Point A to H 1)Point E to B ii) Point B to E iv)Point as K G to
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