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Unformatted text preview: shelters. The difference might be accounted for because of a difference in the amount of resources required for the two different buildings: perhaps homeless shelters are bigger or require more labour to build. d. More of both outputs cannot be produced because there is a limited number of resources available, including land and labour. e. We can’t look at he graph and determine what the best point on the curve would be. It really depends on the state of community, which can fluctuate over time, and their values. For some communities, the best mix would be lots of shelters because they value charity. Some communities might find that more convenience stores were a better mix, because they value consumerism. Production Possibilities Curve Chapter 1 Question 7 Page 25 10, 0 9, 1 7, 2 4, 3 0, 4 2 4 6 8 10 12 2 4 6 8 10 12 Homeless Shelters Convience Stores...
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This note was uploaded on 05/27/2008 for the course ECO 120 taught by Professor Spangler during the Spring '08 term at VCCS.
- Spring '08