Question
Go back to the numerical example with no factor substitution that leads to the production possibility frontier in Figure Quantity of food, Q; 2,000 Labor
Go back to the numerical example with no factor substitution that leads to the production possibility frontier in Figure
Quantity of food, Q; 2,000 Labor constraint slope =-2 Production possibility frontier: slope = opportunity cost of cloth in terms of food 1,000 500 Capital constraint slope = -2/3 750 1,000 1,500 Quantity of cloth, Q. 2.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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