Hypothetical Production Schedule for a Two-Product Economy -If the Economy Produces 36 Consumer Goods and 12 Capital

question 17

Short Answer

Hypothetical Production Schedule for a Two-Product Economy $\begin{array}{ccc}&Units~ of&Units~ of\\\text { Points } & \text { Consumer Goods } & \text { Capital Goods } \\\hline \mathrm{A} & 0 & 30 \\\mathrm{B} & 15 & 24 \\\mathrm{C} & 27 & 18 \\\mathrm{D} & 36 & 12 \\\mathrm{E} & 42 & 6 \\\mathrm{F} & 45 & 0\end{array}$
-If the economy produces 36 consumer goods and 12 capital goods the economy would be producing __________________ (outside/on/inside)the production possibilities curve.

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Definitions:

Circumstances

The specific conditions or facts affecting a certain event or situation.

Unrestricted Legal Right

A entitlement or privilege under law that is not subject to any conditions or limitations.

Abortion

The termination of a pregnancy before the fetus is capable of independent life.