Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15...

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Question

Answer 1

Answer #1

We have no enough information as on Production possibility frontier where the economy lies

Opportunity cost is basically number of units we need to sacrifice for a unit of other good

As combination of goods economy is producing is unknown we can't calculate opportunity cost straightaway

Answer 2

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