Give explanation of correct option and explanation of incorrect options. Hand written solutions are strictly prohibited. Clan GoodsMitary GoodsCivilian GoodsMilitary GoodsA200A400Duckistan Production Possibilities8181с142Herbania Production Possibilities036C262D83D143E04E04Suppose that technology and the quality of resources are the same in bothcountries. We can then conclude thatDuckistan has greater opportunity costs than Herbania.Herbania has more resources than Duckistan.Duckistan has more resources than Herbania.prices are twice as high in Herbania as in Duckistan.

PPC: Graphical representation of the combination of two goods that can be produced in the economy in…

Clan Goods Mitary Goods Cvillan Goods Military Goods A OOC 0 A 40 0 Duckistan Production Possibilities 18 1 C 1 14 2 Herbania Production Possibilities 0 36 C 26 D 8 3 D 14 3 E 0 4 E 0 4 Suppose that technology and the quality of resources are the same in both countries. We can then conclude that Duckistan has greater opportunity costs than Herbania. Herbania has more resources than Duckistan. Duckistan has more resources than Herbania. prices are twice as high in Herbania as in Duckistan.

Clan Goods Mitary Goods Cvillan Goods Military Goods A OOC 0 A 40 0 Duckistan Production Possibilities 18 1 C 1 14 2 Herbania Production Possibilities 0 36 C 26 D 8 3 D 14 3 E 0 4 E 0 4 Suppose that technology and the quality of resources are the same in both countries. We can then conclude that Duckistan has greater opportunity costs than Herbania. Herbania has more resources than Duckistan. Duckistan has more resources than Herbania. prices are twice as high in Herbania as in Duckistan.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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