Illustrate what would be the opportunity cost of x had

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Q. Class discussion: how knowledge of price elasticity among different groups of customers or for various products enable managers to price discriminate, or change different prices for these groups.

Q. What would be the opportunity cost of x if the economy efficiently produced 85 units of it? Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities?

 

Reference no: EM1360603

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