Question: Tutorial Questions: Week 1 Chapter 1 Q. 1. The table below contains production possibilities data for capital goods and consumer goods in the economy of

Tutorial Questions: Week 1 Chapter 1 Q. 1. The table below contains production possibilities data for capital goods and consumer goods in the economy of New Harmony. A B C D E Capital Goods 8 14 18 20 Consumer goods 40 36 30 16 a) Draw the production possibilities curve (PPC) for New Harmony. b) Assume that the people of New Harmony have decided to produce 30 units of consumer goods. How many units of capital goods could be produced
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