Question: The data in the table below are for the small country of Xanadu. Assume that the economy is originally producing combination C. h Capital Goods
The data in the table below are for the small country of Xanadu. Assume that the economy is originally producing combiration C. a. A technological change occurs that enables Xanadu to produce 50% more units of capital goods. Complete the row Capital Goods 2 , in the table above, given this technological change. Enter your responses, both above and below, rounded to 1 decimal place. b. Assuming the economy wants to continue with the same quantity of consumer goods, it can have more capital goods as a result of the technological improvement. c. Assuming the economy wants to continue with the same quantity of capital goods, it can have more consumer goods as a result of the technological improvement. d. Before the technological change, the opportunity cost of the first 80 consumer goods was e. After the technological change, the opportunity cost of the first 80 consumer goods is
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