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Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n)

kaarnold98

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Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n)

Question 1.

A society can produce two goods: green tea and vitamin water. As this society moves down its production possibility frontier, producing more and more units of vitamin water, the opportunity cost of producing vitamin water increases. The society's production possibilities frontier will be

▸ positively sloped and bowed outward.

▸ positively sloped and bowed inward.

▸ negatively sloped and bowed outward.

▸ negatively sloped and bowed inward.

Question 2.

Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n)

▸ movement down the U.S. production possibility frontier.

▸ movement off the U.S. production possibility frontier to some point inside the frontier.

▸ movement up the U.S. production possibility frontier.

▸ outward shift of the U.S. production possibility frontier away from the origin.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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BobbyD

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More solutions for this book are available here

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kaarnold98 Author

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5 years ago

Thanks

husne

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

mikey3091

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Correct

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