Use The Production Possibilities Graph To Answer The Questions Below 60 500 Digital Cameras Millions Per Year 8 40 20 1 (48.63 KiB) Viewed 12 times
Use The Production Possibilities Graph To Answer The Questions Below 60 500 Digital Cameras Millions Per Year 8 40 20 2 (48.63 KiB) Viewed 12 times
Use the production possibilities graph to answer the questions below. 60 500 Digital Cameras (millions per year) 8 40 20 10 0 A 10 B с S D E R F G 20 30 40 50 60 Pocket PCs (millions per year) a. Identify all the letters that represent an efficient use of resources? b. Identify all the letters that represent an inefficient use of resources? c. Identify all the letters that represent an unattainable combination? d. What is the opportunity cost of moving from point C to point D? e. How would you describe what happens to the graph if technology improves for Digital Camera production, but not for Pocket PC's?
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