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Class Assignment 3.202.docx - Tabitha Jose Econ 202 Class...

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Tabitha JoseEcon 202Class Assignment 3Review1.Use the PPF below to answer the following questions.a.Is the marginal opportunity cost on the PPF above increasing, decreasing or constant?
b.Find the output combination of 50 coconuts and 40 hats. Is this output combinationefficient, inefficient, or unattainable?
c.Is point C on the graph (80 coconuts, 25 hats) productively efficient?
d.Is point C on the graph allocatively efficient?
What is one way to increase worker productivity?e.Investing in human capital.

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Term
Summer
Professor
NoProfessor
Tags
Economics, Opportunity Cost, Supply And Demand, Austrian School, Economic equilibrium

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