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AB224: Microeconomics Supply And Demand

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  • Course Code: AB224
  • University: Kaplan Business School
  • Country: United States

Question:

In ancient days a tribe of natives on the mythical continent of Atlantis was able to produce two commodities to eat. They could harvest fish from the sea and they could grow a form of wild oats. Table 1.a. and Graph 1.a. both show the maximum annual output combinations of fish and wild oats that could be produced by the natives of Atlantis.
 
 
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