HW_chap_3_additional_1_answers[1]

HW_chap_3_additional_1_answers[1] - Econ 100 San Francisco...

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Econ 100 San Francisco State HW Chapter 3 You do not need to turn this problem in to me, but you can assume that there will be a problem very similar to it in either a quiz or an exam. It would greatly benefit your to do it. If you have not tried to do the problems yet, do not look at the answers. Obviously, I cannot enforce this, but trust me, it defeats the purpose if you don’t even try to do the problems first. If you get stuck, maybe check the answers enough for a hint, but work the problems as much as you can without the answers. Lets say there are two economies, Dopey and Sneezy, who make iPods and hard drives. Assume that their PPFs are straight lines. Dopey can make 50 iPods and no hard drives, or 60 hard drives and no iPods. When their economy is closed, Dopey chooses to produce 30 iPods and 24 hard drives. Sneezy can make 40 iPods and no hard drives, or 20 hard drives and no iPods. When their economy is closed, Sneezy chooses to make 4 iPods and 18 hard drives. 1) Graph the two production possibilities frontiers on one graph.
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HW_chap_3_additional_1_answers[1] - Econ 100 San Francisco...

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