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Assume that a machine is used to produce calculators and cell phones.The machine can be used for a maximum of 10 hours.The productivity table of the machine is shown below.
a)Draw the production possibilities curve from the information given in the table.
b)Calculate the opportunity cost of producing either good.
Fallacy Of Division
A logical fallacy that occurs when one assumes that something true of a whole must also be true of its parts.
Hasty Generalization
A logical fallacy where a conclusion is drawn from insufficient evidence or sample size.
Slippery Slope Fallacy
A logical fallacy suggesting that a relatively small first step will lead to a chain of related events culminating in some significant effect, often negative, without adequate evidence to support that outcome.
Undesirable Outcome
A result or consequence that is not wanted or is considered negative.
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