a. Draw and explain a production possibilities frontier for an economy that produces cheese and milk. What happens to this frontier if a disease kills half of the economy’s cows? b. Use a production possibilities frontier to describe the idea of “efficiency.”

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a. Draw and explain a production possibilities frontier for an economy that produces cheese and milk. What happens to this frontier if a disease kills half of the economy’s cows? 
b. Use a production possibilities frontier to describe the idea of “efficiency.”

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