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1. The figure above represents the production possibilities frontier for a country. a. The nation is currently producing at point B and wants to move...

This question was answered on Jan 06, 2013. View the Answer
need help figuring out this graph & answering these questions
1. The figure above represents the production possibilities frontier for a country. a. The nation is currently producing at point B and wants to move to point C . What is the opportunity cost of the move? b. The nation is currently producing at point B and wants to move to point A . What is the opportunity cost of the move? c. The nation is currently producing at point D and wants to move to point B . What is the opportunity cost of the move? 2. A headline 1 in the New York Times read “Study Finds Enrollment is up at Colleges Despite Recession.” How would you explain this headline now that you understand the idea of opportunity cost? 1 Celis 3 rd , William, 1991. Study Finds Enrollment is Up at Colleges Despite Recession. New York Times . December 28, 1991
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HI, Question No 3 asks... View the full answer

This question was asked on Jan 06, 2013 and answered on Jan 06, 2013.

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