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Suedyso Suedyso
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5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 2-2



Figure 2-2 above shows the production possibilities frontier for Mendonca, an agrarian nation that produces two goods, meat and vegetables.


Refer to Figure 2-2. Suppose Mendonca is currently producing 60 pounds of vegetables per period. How much meat is it also producing, assuming that resources are fully utilized?

• 45 pounds of meat

• 75 pounds of meat

• 80 pounds of meat

• 100 pounds of meat

Question 2.

Figure 2-2



Figure 2-2 above shows the production possibilities frontier for Mendonca, an agrarian nation that produces two goods, meat and vegetables.


Refer to Figure 2-2. If Mendonca chooses to produce 160 pounds of vegetables, how much meat can it produce to maximize production?

• 0 pounds of meat

• 30 pounds of meat

• 60 pounds of meat

• 120 pounds of meat
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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rand22rand22
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5 years ago
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Suedyso Author
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5 years ago
You make an excellent tutor!
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