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V3 Saved The data in the table below are for the small country of Xanadu, Assume that the economy is originally producing combination C. A
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Saved The data in the table below are for the small country of Xanadu, Assume that the economy is originally producing combination C. A B C F Capital Goods 20 32 44 Capital Goods 2 Consumer Goods 125 180 75 50 25 a. A technological change occurs that enables Xanadu to produce 60% more units of capital goods. Complete the row Capital Goods 2, In the table above, given this technological change. Enter your responses, both above and below, rounded to 1 decimal place. b. Assuming the economy wants to continue with the same quantity of consumer goods, It can have more capital goods as a result of the technological Improvement. c Assuming the economy wants to continue with the same quantity of capital goods, It can have more consumer goods as a result of the technological improvement. d, Before the technological change, the opportunity cost of the first 100 consumer goods was (Click to select) v e. After the technological change, the opportunity cost of the first 100 consumer goods is (Click to select)Step by Step Solution
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