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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

If PPF2 in the graph that follows is the relevant PPF, then which points are unattainable? Explain your answer.

images

To determine

Explain which point is unattainable.

Explanation

Figure 1 shows the different PPF of guns and butter below:

In figure 1, the vertical axis measures the quantity of guns and horizontal axis measures the quantity of butter. PPF1, PPF2, and PPF3 are different production possibility frontier...

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