10 0 10 20 30 Puzza West Lothian 20 1319 10 O 10 20 Pizza East Lothian 30 In the accompanying diagrams, solid lines are production possibilities curves, and the dashed lines are trading possibilities curves. The data contained in the production possibilities curves are based on the assumption of

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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imperfect substitutability of resources between beer and pizza production.
constant costs
decreasing costs
increasing costs
Transcribed Image Text:Multiple Choice imperfect substitutability of resources between beer and pizza production. constant costs decreasing costs increasing costs
Beer
10
0
10 20 30
Pizza
West Lothian
Beer
20
1319
10
0
10
20 30
Pizza
East Lothian
In the accompanying diagrams, solid lines are production possibilities curves, and the dashed lines are trading possibilities curves. The data contained in
the production possibilities curves are based on the assumption of
Transcribed Image Text:Beer 10 0 10 20 30 Pizza West Lothian Beer 20 1319 10 0 10 20 30 Pizza East Lothian In the accompanying diagrams, solid lines are production possibilities curves, and the dashed lines are trading possibilities curves. The data contained in the production possibilities curves are based on the assumption of
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