11 Civilian GoodsMilitary GoodsDuckistan Production PossibilitiesD83Multiple ChoiceA200B181A40Herbania Production PossibilitiesD14с142B361с262E04Civilian GoodsMilitary GoodsRefer to the tables. Suppose that the amount and quality of resources are the same in both countries. We can conclude that3E04Duckistan is technologically better than Herbania at producing military goods.Herbania is technologically better than Duckistan at producing both military goods and civilian goods.the total opportunity cost of producing 4 units of military goods is the same in both countries.Herbania is technologically superior to Duckistan in producing civilian goods.

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

Refer to the tables. Suppose that the amount and quality of resources are the same in both countries. We can conclude that Multiple Choice Duckistan is technologically better than Herbania at producing military goods. Herbania is technologically better than Duckistan at producing both military goods and civilian goods. the total opportunity cost of producing 4 units of military goods is the same in both countries.

Refer to the tables. Suppose that the amount and quality of resources are the same in both countries. We can conclude that Multiple Choice Duckistan is technologically better than Herbania at producing military goods. Herbania is technologically better than Duckistan at producing both military goods and civilian goods. the total opportunity cost of producing 4 units of military goods is the same in both countries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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