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victor.m.rojas2 victor.m.rojas2
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5 years ago

Question 1.

What is meant by the term "opportunity cost"?

Question 2.

a. Draw a production possibilities frontier for a country that produces two goods, beer and
pretzels. Assume that resources are equally suited to both tasks.
b. Define opportunity costs.
c. Use your production possibilities frontier graph to demonstrate the concept of opportunity
costs.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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JaxJax
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5 years ago
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victor.m.rojas2 Author
wrote...

5 years ago
Smart ... Thanks!
sudenzia
wrote...

Yesterday
Good timing, thanks!
gmiannotti
wrote...

2 hours ago
this is exactly what I needed
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