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Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp 11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?

Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp 11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
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Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp
Transcribed Image Text:Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp
11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?
Transcribed Image Text:11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?
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