Monday, June 10, 2013

Micro Economics

Micro Economics 1. Below is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): Production Alternatives Type of production A B C D E Automobiles 0 2 4 6 8 Forklifts 30 27 21 12 0 (a) Show these data graphically. Upon what specific assumptions is this production possibilities curve based?



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