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Draw mexico production possibilities curve

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Reference no: EM132476354

Problem: In Mexico each unit of resource can produce either one professional computer or 3 computer games. Mexico has 30 units of this resource.

a) Draw Mexico's production possibilities curve.

b) What is the opportunity cost of one professional computer?

c) Is the production of professional computers subject to constant or increasing opportunity cost?

d) Which of the goods being produced is considered a capital good?

e) In the absence of trade, should Mexico increase production of professional computers or computer-games if it desires more rapid economic growth?

Reference no: EM132476354

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