Part 2: More Practice- Assume that the economy of Econland can produce robots (capital goods) and toy drones (consumer goods). Use the table to complete the following. Goods Produced Robots Drones 0 20 BCD 12 10 15 5 a E 4 0

Part 2: More Practice- Assume that the economy of Econland can produce robots (capital goods) and toy drones (consumer goods). Use the table to complete the following. Goods Produced Robots Drones 0 20 BCD 12 10 15 5 a E 4 0

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 6P

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Part 2: More Practice- Assume that the economy of
Econland can produce robots (capital goods) and toy
drones (consumer goods). Use the table to complete
the following.
Goods Produced
Robots
Drones
A
0
20
BCD
2
15
10
3
5
E
4
0
10. Assume the economy of Econland intentionally decides to produce combination D rather than combination B. What
will happen to their production possibilities curve in the long-run? Explain your reasoning.

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