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Point of tangency between the iso-value line and the ppf

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Reference no: EM132137879

Suppose, in equilibrium and in a closed economy, at the point of tangency between the iso-value line and the ppf, we observe that MPLf= 8 MPLm= 2 and PM=1 what is Pf? what is the wage?

Reference no: EM132137879

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