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Question: Production combination Caps Jackets 100 10 97 20 90 D 30 75 E 40 55 F 50 30 G 60 1, If you are at point E, what are the maximum possible combinations of caps and jackets? 2. What is the opportunity cost of moving from point D to E? 3. Does this table exhibit no opportunity cost, decreasing opportunity cost, constant opportunity cost or increasing opportunity cost? Explain. 4. If all resources are utilized to produce only caps, how many caps and jackets will be produced?
Identify and describe the five factors that can cause a change in individual demand, using a graphic organizer similar to the one below.
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All firms operating in a perfectly competitive market have the variable cost function VC = 0.2Q2+ 2Q and the firms' fixed cost is 120-
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