following combinations of Good X (horizontal axis) and Good Y (vertical axis) in a single

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Below are the hypothetical data
on the combinations between
Good X and Good Y that a
country can produce. Plot the
following combinations of
Good X (horizontal axis) and
Good Y (vertical axis) in a single
graph and construct the
production possibilities line.
Label your graph properly. Take
a photo/ image of your graph
and upload in this particular
question.
Combinations Good Y Good X
A
21
В
18
1
15
2
D
12
E
9
4
F
6
G
3
6
H
7
Transcribed Image Text:Below are the hypothetical data on the combinations between Good X and Good Y that a country can produce. Plot the following combinations of Good X (horizontal axis) and Good Y (vertical axis) in a single graph and construct the production possibilities line. Label your graph properly. Take a photo/ image of your graph and upload in this particular question. Combinations Good Y Good X A 21 В 18 1 15 2 D 12 E 9 4 F 6 G 3 6 H 7
What is the rate of exchange
between Good X and Good Y?
Your answer
Supposed your original choice
in combination D but you
change your mind. Show in the
above graph an example of an
opportunity cost where you
give up combination D in favor
of a new combination. Label
your graph properly. Take a
photo/ image of your graph and
upload in this particular
question. *
Transcribed Image Text:What is the rate of exchange between Good X and Good Y? Your answer Supposed your original choice in combination D but you change your mind. Show in the above graph an example of an opportunity cost where you give up combination D in favor of a new combination. Label your graph properly. Take a photo/ image of your graph and upload in this particular question. *
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