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Business, 10.12.2021 01:30 Shobhoob

Here is a production possibilities table for war goods and civilian goods: Type of Production Production Alternatives B D E Automobiles Missiles 8 0 130 27. 21 12 Show these data graphically. Upon what specific assumptions is this production possibilities curve based? b. If the economy is at point C, what is the cost of one more automobile? One more missilo? Explain how this curve reflects increasing opportunity costs. What must the economy do to operate at some point on the production possibilities curve?


Here is a production possibilities table for war goods and civilian goods: Type of Production Produ

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