a. If your company can make two goods, use a numerical table and list different combinations of two goods your company can make. b. Draw a PPC and show the different combinations on the graph. Show the attainable and unattainable output levels on the graph. c. Show the opportunity cost of one good in terms of another. d. What happens to the opportunity cost? (Increases, decreases or remain constant)

a. If your company can make two goods, use a numerical table and list different combinations of two goods your company can make. b. Draw a PPC and show the different combinations on the graph. Show the attainable and unattainable output levels on the graph. c. Show the opportunity cost of one good in terms of another. d. What happens to the opportunity cost? (Increases, decreases or remain constant)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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