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Other Fields Homework Help Economics Topic started by: Lopezj273 on Feb 24, 2019



Title: Refer to Figure 2-6. If the economy is currently producing at point A, what is the ...
Post by: Lopezj273 on Feb 24, 2019

Question 1.

Figure 2-5




Refer to Figure 2-5. If the economy is currently producing at point X, what is the gain in production if the economy moves to point Y?

• 5 million tons of steel

• 9 million tons of paper

• 5 million tons of paper

• 14 million tons of steel

Question 2.

Figure 2-6




Refer to Figure 2-6. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?

• 8 thousand wrenches

• 6 thousand hammers

• 30 thousand wrenches

• 23 thousand hammers


Title: -6Refer to Figure 2-6. If the economy is currently producing at point A, what is the ...
Post by: krobdance on Feb 24, 2019
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Title: -6Refer to Figure 2-6. If the economy is currently producing at point A, what is the ...
Post by: Lopezj273 on Feb 24, 2019
Appreciate the effort, thank you!