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Question: beef 4 capital goods and 2l complete the following approximate...

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Beef 4 capital goods and 2l Complete the following (approximate) possibilities for Emilon: a) 130 rice and to PP2? b) rice and 40 beef Which of the following pssibilities is Emilon capable of producing? c) 100 rice and 40 beef d) 70 rice and 35 beef 3. (LO 7) Table 1.14 shows the production possibilities for the country of Emilon. TABLE 1.14 30 Rice 0 50 90 120 140 Beef 50 4535 20

THE ECONOMIC PROBLEM CHAPTER 1 a What is the total cost of producing 90 rice? er(rice/beef) b What is the total cost of going from possibility C to possibility D? c What is the approximate per-unit cost of going from possibility C to possibility D d What is the total cost of going from possibility D to possibility C? Answer: Answer:(rice/beef Answer(rice/beef) Answer (rice/beef) Intermediate (Problems 4-7)

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