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Figure 2-15 -Refer to Figure 2-15.Consider the Production Possibilities Frontier for an Frontier

Question 235

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Figure 2-15 Figure 2-15 -Refer to Figure 2-15.Consider the production possibilities frontier for an economy that produces only sofas and cars.The opportunity cost of each car is A) the slope of the production possibilities frontier. B) 3/2 sofas. C) 2/3 of a sofa. D) Both a and b are correct.
-Refer to Figure 2-15.Consider the production possibilities frontier for an economy that produces only sofas and cars.The opportunity cost of each car is


A) the slope of the production possibilities frontier.
B) 3/2 sofas.
C) 2/3 of a sofa.
D) Both a and b are correct.

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