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whipped whipped
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6 years ago
A production possibilities curve is plotted for a nation producing cotton and jute. Which of the following will cause a parallel rightward shift of the production possibilities curve?
A) An invention of a new fertilizer that increases cotton production by ten percent, without any effect on jute production
B) An invention of a new fertilizer that increases jute production by five percent, without any effect on cotton production
C) An invention of a new fertilizer that increases production of both cotton and jute by ten percent
D) A two-times increase in the price of all cotton products and a three-times increase in the price of all jute products
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Microeconomics

Microeconomics


Edition: 1st
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losteinlostein
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