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HW_chap_3_additional_answers[1]

HW_chap_3_additional_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, Nerdland and Kutcherland, who make movies and books. Assume that their PPFs are straight lines. Nerdland can make 50 books and no movies, or 40 movies and no books. When their economy is closed, Nerdland chooses to produce 20 movies and 25 books. Kutcherland can make 30 books and no movies, or 20 movies and no books. When their economy is closed, Kutcherland chooses to make 18 movies and 3 books.
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