Bundle: Principles of Macroeconomics, Loose-leaf Version, 7th + MindTap Economics, 1 term (6 months) Printed Access Card
7th Edition
ISBN: 9781305135420
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 12.2, Problem 2QQ
To determine
Productivity and its determinants.
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20. Factors 01 pro
B. the technological innovations available to companies.
A. the laws that regulate manufacturers.
C. the resources used to create output
D. the waste left over after goods are produced.
21. Table 1.1 shows the tradeoff between different combinations of missile production and home
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Combination
Number of
houses
Opportunity cost
of houses in
Number of
missiles
terms of missiles
J
0
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K
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L
17,000
2
1
M
21,000
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N
23,000
Opportunity cost
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terms of houses
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