Essay
Refer to the information provided in Scenario 4 below to answer the questions that follow.
SCENARIO 4: Suppose that a state needs to build both prisons and schools with a budget limited to 10 million dollars. Schools cost $1 million each to build and prisons cost $2 million each to build.
-Refer to Scenario 4. Draw the state's production possibilities frontier for the trade-off between schools and prisons.
Correct Answer:

Verified
Correct Answer:
Verified
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