a) If a country produces 3 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? 8.6 b) If a country produces 3 units of consumption goods now, and it continues to produce 3 consumption goods goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place c) If a country produces 4 units of consumption goods now, and then it produces 3 consumption goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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a) If a country produces 3 units of consumption goods, how many units of capital goods can it currently produce
using all of its resources? 8.6
b) If a country produces 3 units of consumption goods now, and it continues to produce 3 consumption goods goods in the future, how
many units of capital goods can it produce in the future?
report your answer to one decimal place
c) If a country produces 4 units of consumption goods now, and then it produces 3 consumption goods in the future, how many units of
capital goods can it produce in the future?
report your answer to one decimal place
Transcribed Image Text:a) If a country produces 3 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? 8.6 b) If a country produces 3 units of consumption goods now, and it continues to produce 3 consumption goods goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place c) If a country produces 4 units of consumption goods now, and then it produces 3 consumption goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place
Capital Goods
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00
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A in m
5
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0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Consumption Goods
More
Saving
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لا
Production Possibilities (Present)
Production Possibilities (Future)
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Consumption
Transcribed Image Text:Capital Goods 17 16 15 14 13 12 11 10 9 00 8 7 6 A in m 5 4 3 2 1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Consumption Goods More Saving 2 3 لا Production Possibilities (Present) Production Possibilities (Future) 5 10 6 7 More Consumption
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