Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134744452
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 2, Problem 15APA

(a)

To determine

Draw the PPF of B&M retailers before and after the availability of internet.

(b)

To determine

Draw the MC and MB curves for B&M retailers and the online retailers before and after the availability of internet.

(c)

To determine

Identify the changes in the production possibilities and preferences.

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