Suppose that a simple society has an economy with only one resource, labor. Labor can be used to produce only two commoditiesX, a necessity good (food), and Y, a luxury good (music and merriment). Suppose that the labor force consists of 100 workers. One laborer can produce either 5 units of necessity per month (by hunting and gathering) or 10 units of luxury per month (by writing songs, playing the guitar, dancing, and so on). Using the line drawing tool, draw this economy's Production Possibilities Frontier (PPF). (Be sure that the PPF intersects both the Y-axis and the X-axis.) Carefully follow the instructions above and only draw the required object.
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Business, 22.06.2019 04:00
Donβt give me to many notifications because it will cause you to lose alot of points
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Business, 22.06.2019 21:00
There is just one person in our group, silvia, who seems to have radically different ideas about how to complete our project. she seems to purposely disagree with the majority opinions of the rest of us though yesterday she said something that made a lot of sense to us solve our production problem. i suggested to the entire group today that we hear silviaβs suggestions and asked silvia to share in-depth more of what she said yesterday. i am using which adaptive leader behavior?
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Business, 22.06.2019 22:30
The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?
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Business, 22.06.2019 23:40
John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?
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Suppose that a simple society has an economy with only one resource, labor. Labor can be used to pro...
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