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What does the production possibility curve show? Graph of a production possibility frontier for country Z showing cell phones daily production on the y-axis and
What does the production possibility curve show? Graph of a production possibility frontier for country Z showing cell phones daily production on the y-axis and clothing daily production on the x-axis. Points are as follows A: 0,8 B: 10,6 C: 15,4 D: 18,2 and E: 20,0. Point G is outside of the curve at 15,7 and F is inside the curve at 10,4. a. The maximum production of cell phones only b. The maximum combination of output (clothing & cell phones) given the fixed resources (fully used) and given technology. c. The maximum production of clothing only d. The minimum combination of output (clothing & cell phones) given the fixed resources (fully used) and given technology
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