Consider graph PPC2 above. Assume the initial PPC has intercepts at points F and E. The PPC rotates out (over time) such that the new intercepts are A and E. efficient society should move to: Supporting Materials 800 550 E 1,100 1,300 C'onsumer goods We can not say where society should move to point B O point D somewhere between and including) points B and D

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider graph PPC2 above.
Assume the initial PPC has intercepts at points F and E. The PPC then
rotates out (over time) such that the new intercepts are A and E. If
efficient society should move to:
Supporting Materials
F
800
550
1.100 1,300
Consumer goods
We can not say where society should move to
point B
point D
somewhere between and including) points B and D
spood (end
Transcribed Image Text:Consider graph PPC2 above. Assume the initial PPC has intercepts at points F and E. The PPC then rotates out (over time) such that the new intercepts are A and E. If efficient society should move to: Supporting Materials F 800 550 1.100 1,300 Consumer goods We can not say where society should move to point B point D somewhere between and including) points B and D spood (end
Comparing parallel straight lines 1 and 2, for any given value of x
Supporting Materials
line 1
line 2
O The slope of line 1 is negative
None of the above
All of the above
The slope of line 2 is decreasing
The value of y is the same
Transcribed Image Text:Comparing parallel straight lines 1 and 2, for any given value of x Supporting Materials line 1 line 2 O The slope of line 1 is negative None of the above All of the above The slope of line 2 is decreasing The value of y is the same
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