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Exhibit 15-1 Production Possibilities Curves in Exhibit 15-1, the Production

Question 1

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Exhibit 15-1 Production possibilities curves Exhibit 15-1 Production possibilities curves   In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Nabia the cost of producing one more unit of corn is equal to: A) 4 units of wheat. B) 4 units of corn. C) 1\4 unit of wheat. D) 15 units of wheat. E) 60 units of wheat. In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Nabia the cost of producing one more unit of corn is equal to:


A) 4 units of wheat.
B) 4 units of corn.
C) 1\4 unit of wheat.
D) 15 units of wheat.
E) 60 units of wheat.

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