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Micro 1.3-(Activity 1-2): Scarcity, Opportunity Cost, and Production Possibilities Curve

Last updated almost 2 years ago

5 Nsɛmmisa

#1-4 Required

1

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1.

Fill in the blank.

1

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1

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2.

Fill in the blank.

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3.

Which is greater, the per unit opp. cost of going from A to B or C to D? (Remember: Loss over gain)

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4.

Draw in the appropriate production possibility curves.

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5.

Bonus: Fill in the blank. Starting with Curve BE.