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

Last updated over 1 year ago

5 questions

#1-4 Required

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Question 1

1.

Fill in the blank.

Question 2

2.

Fill in the blank.

Question 3

3.

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

Question 4

4.

Draw in the appropriate production possibility curves.

Question 5

5.

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