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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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victor.m.rojas2 Author
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5 years ago
Just got PERFECT on my quiz
lubennick
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Yesterday
Smart ... Thanks!
Morgan-C
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2 hours ago
Thank you, thank you, thank you!
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