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alidinak alidinak
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A year ago
Opportunity Costs

An economy produces two items: pumpkins and tulips.
PumpkinsTulips
15​0
12​6​
9​12​
6​18​
3​24​
030​
What is the opportunity cost of producing one pumpkin? What is the opportunity cost of producing one tulip? Round your final answer to two decimal places.
This economy faces ________ opportunity cost.

▸ 2 tulips, 0.5 pumpkins, increasing

▸ 0.5 tulips, 2 pumpkins, increasing

▸ 2 tulips, 0.5 pumpkins, constant

▸ 0.5 tulips, 2 pumpkins, constant
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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rbacon2rbacon2
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A year ago
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