Homework Answers
a). GRAPH PLOTED
b). Slope = ratio between the change in variable X with respect to variable Y
Change in X variable = X2 - X1 = 80 - 70 = 10
Change in Y variable = Y2 - Y1 = 70 - 40 = 30
Slope = change in y variable / change in X variable = 30 /10 = 3
Slope of line Between point C and D
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A production possibilities table for DVDs and computers is shown
below.
Point (Click to
select) G F D B C A is
an example of an inefficient point, while (Click to
select) G B A D F C is
an example of an unattainable point.
b. Does the economy above demonstrate the law of increasing
opportunity cost?
(Click to
select) Yes No
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