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Question 147

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Use the following to answer question(s) :
Exhibit: Production Possibilities Curve for Firms A and B
Use the following to answer question(s) :  Exhibit: Production Possibilities Curve for Firms A and B    -(Exhibit: Production Possibilities Curve for Firms A and B. In Firm A, the opportunity cost of producing 1 more unit of X in terms of Y: A)  is equal to the opportunity cost in Firm B of producing 1 more unit of X in terms of Y. B)  is less than the opportunity cost in Firm B of producing 1 more unit of X in terms of Y. C)  is greater than the opportunity cost in Firm B of producing 1 more unit of X in terms of Y. D)  cannot be determined.
-(Exhibit: Production Possibilities Curve for Firms A and B. In Firm A, the opportunity cost of producing 1 more unit of X in terms of Y:


A) is equal to the opportunity cost in Firm B of producing 1 more unit of X in terms of Y.
B) is less than the opportunity cost in Firm B of producing 1 more unit of X in terms of Y.
C) is greater than the opportunity cost in Firm B of producing 1 more unit of X in terms of Y.
D) cannot be determined.

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