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dmalex13 dmalex13
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2 months ago

If there is always a 4-for-1 tradeoff between producing good X and good Y, it follows that the opportunity cost of X (in terms of Y) ____________________ and the PPF for these two goods is ______________________.



▸

decreases at low levels of X; a straight line



▸

rises at high levels of Y; bowed-outward



▸

decreases at high levels of X; bowed-outward



▸

is always the same; a straight line

Textbook 
Economics

Economics


Edition: 12th
Author:
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ftricey04ftricey04
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is always the same; a straight line
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dmalex13 Author
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2 months ago
Just got PERFECT on my quiz
gma_of_7
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Yesterday
this is exactly what I needed
missnoname
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2 hours ago
Helped a lot
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