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Economics: Production Possibility Frontier II


Question Group #1
Directions and/or Common Information: 
 
 


The Production Possibilities Frontier illustrates
1. 








Which point indicates the most efficient use of resources in the  production of shoes and watermelons?
2. 








What is the opportunity cost of choosing to produce the combination of goods shown at point C instead of at Point D?
3. 











M Medina

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