1. Suppose Sodor was producing and consuming 400 medical care services and 70 consumer goods. A...
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1. Suppose Sodor was producing and consuming 400 medical care services and 70 consumer goods. A medical care-promoting interest group is pressuring the governor to have Sodor produce and consume 400 medical care services and 125 consumer goods. You explain to the governor: a. Sodor needs more than 125 consumer goods b. Sodor needs less than 400 medical care services c. the proposal of the interest group is inefficient d. the proposal of the interest group is possible e. the PPF tells you that the interest group's proposal is what Sodorians want. 1. Suppose Sodor was producing and consuming 400 medical care services and 70 consumer goods. A medical care-promoting interest group is pressuring the governor to have Sodor produce and consume 400 medical care services and 125 consumer goods. You explain to the governor: a. Sodor needs more than 125 consumer goods b. Sodor needs less than 400 medical care services c. the proposal of the interest group is inefficient d. the proposal of the interest group is possible e. the PPF tells you that the interest group's proposal is what Sodorians want.
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Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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