Illustrate what is formula for opportunity cost

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Reference no: EM1367684

Q. Assume an economy has a production possibilities frontier characterized by equation X 2 + 4Y 2 = 100

(a) Illustrate what is most X that can be produced? most Y?

(b) Graph frontier (you will have to and at least three points on frontier to do this).

Reference no: EM1367684

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