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Sammyjoe1105 Sammyjoe1105
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A year ago

Currently an economy is producing (at a point on its production possibilities frontier) 100 units of good X and the opportunity cost of producing 1X is 3Y. If good X is produced at increasing opportunity costs, then when the economy produces 120 units of good X (on the same PPF) the opportunity cost of producing 1Y (not 1X) could be



▸

1/4X.



▸

1/3X.



▸

1/2X.



▸

1X.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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dhk72dhk72
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A year ago
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