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What is the opportunity cost of producing a third

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Reference no: EM132324901

Assume that the following table describes the production possibilities frontier (PPF) confronting an economy. Using that information:

Potential output combinations homeless shelters hospitals

A 25 0

B 21 1

C 16 2

D 9 3

E 0 4

(a) What is the opportunity cost of producing a third unit of hospitals?

(b) What is the opportunity cost of producing a fifth unit of homeless shelters?

Reference no: EM132324901

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