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2. Bangladesh Production The following production possibilities table data represent the amount of t-shirts and shorts produced in Bangladesh in a day. T-Shirts Option A BCDE 80,000 60,000 40,000 20,000 0 Shorts 0 4,000 8,000 12,000 16,000 a. Plot the above options as a production possibilities curve, placing t-shirts on the y-axis and shorts on the x-axis. b. Solve for the slope between each point, or option, on the graph. c. State the cost ratio of shorts to t-shirts between each point, or option, on the graph.

2. Bangladesh Production The following production possibilities table data represent the amount of t-shirts and shorts produced in Bangladesh in a day. T-Shirts Option A BCDE 80,000 60,000 40,000 20,000 0 Shorts 0 4,000 8,000 12,000 16,000 a. Plot the above options as a production possibilities curve, placing t-shirts on the y-axis and shorts on the x-axis. b. Solve for the slope between each point, or option, on the graph. c. State the cost ratio of shorts to t-shirts between each point, or option, on the graph.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 6QR
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2. Bangladesh Production The following production possibilities table data represent the amount of t-shirts and shorts produced in Bangladesh in a day. T-Shirts Option A BC с D E 80,000 60,000 40,000 20,000 0 Shorts 0 4,000 8,000 12,000 16,000 a. Plot the above options as a production possibilities curve, placing t-shirts on the y-axis and shorts on the x-axis. b. Solve for the slope between each point, or option, on the graph. c. State the cost ratio of shorts to t-shirts between each point, or option, on the graph.
Transcribed Image Text:2. Bangladesh Production The following production possibilities table data represent the amount of t-shirts and shorts produced in Bangladesh in a day. T-Shirts Option A BC с D E 80,000 60,000 40,000 20,000 0 Shorts 0 4,000 8,000 12,000 16,000 a. Plot the above options as a production possibilities curve, placing t-shirts on the y-axis and shorts on the x-axis. b. Solve for the slope between each point, or option, on the graph. c. State the cost ratio of shorts to t-shirts between each point, or option, on the graph.
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