Demonstrating a production possibilities frontier

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Q. Given which C = $1,000 + 0.60YD if the level of disposable income is $1,000 the level of savings is illustrate what

Q. Illustrate scarcity, choice also prospect cost with the aid of a diagram demonstrating a production possibilities frontier

Q. How does the economist's utilize of the term rent differ from everyday usage? Explain: "through rent need not be paid by society to create land available, rental payments are very utilize in guiding land into the most productive utilize."

Reference no: EM1323103

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