Title: The production possibilities boundary shows possible combinations of guns and butter that can be ... Post by: hurtmaybe on Oct 9, 2022 The production possibilities boundary shows possible combinations of guns and butter that can be produced by a country. The lower diagram shows demand and supply for butter. ▸ productively; the marginal cost of production across guns and butter is equated ▸ allocatively; the economy is operating at a point on the production possibilities boundary ▸ productively; the economy is operating at a point inside the production possibilities boundary ▸ allocatively; guns and butter are both produced to the point where the marginal cost to producers equals the marginal value to consumers ▸ allocatively; the price of guns is equal to the price of butter Title: The production possibilities boundary shows possible combinations of guns and butter that can be ... Post by: sbe0921 on Oct 9, 2022 Content hidden
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