Chat with us, powered by LiveChat An economy produces two goods: capital goods and consumer goods. Points on the production possibi… | Writedemy

An economy produces two goods: capital goods and consumer goods. Points on the production possibi…

An economy produces two goods: capital goods and consumer goods. Points on the production possibi…

An economy produces two goods: capital goods and consumer goods. Points on the production possibilities curve appear below: 2. roduction alternatives Capital ds per period Consumer goods per period 2018 14 8 A. If the economy is producing at alternative X, the opportunity cost of producing at Y instead of X is period a. 0 C. The production of 14 units of consumer goo and 1 unit of capital goods per period would a. result in full employment b. result in no unused resources c. result in some unused or inefficiently units of consumer goods per c. 8 d. 14 e. 6 resources increase economic growth. be impossible, given current levels technology and economic resource d. e. B. If an economy is producing at alternative W, the opportunity cost of producing at Xis unit(s) of consumer goods per period. a. 0 b. 1 d. 18 e. 2

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