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Question: the income now represents thu cornnuous flow of incomu quotd...

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The income now represents thu cornnuous flow of incomu d experature n un economy ■ The circular flow modal tlustrates the flow of goods, services, and paymants among trms and Fhouseholds. For Your F Section 2.1 Asurne that the production posibilities for Alberta are the following combinations of kegs of beer and sides of beef Beer 34 27 19 10

CHAPTER TWo | Scarcity, Trade-Offi, and Production Possibilities a. Construct the production possibilities frontier for beer and beef below. 10 Bl 8 40 50 60 10 20 30 Beer b. Given the information above, what is the opportunity cost of the 55th ke beer in Alberta? Of the 6th side of beef? Of the 9th side of beef? c. Suppose Alberta is currently producing 4 sides of beef and 45 kegs of beer What is the opportunity cost of 5 more sides of beef in Alberta? d. Would the combination of 40 kegs of beer and 4 sides of beef be efficient? Why ее or why not Is the combination of9kegsofbeer and 10 sides of beef possible for Alberta Why or why not? e.

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