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Explain the production possibilities curve for an economy that produces only pizza and computers. Explain how Fred Smith and other successful entrepreneurs could affect the curve? 

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Vaishnavi Kanukurti
Vaishnavi KanukurtiLv10
22 Oct 2020

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Related questions

Draw a production possibilities curve for an economy producing only pizzas and computers. Explain how Fred Smith and other successful entrepreneurs affect the curve.

Draw a production possibilities curve for an economy producing only pizzas and computers.Explain how Fred and other successful entrepreneurs affect the curve.

Refer to the table of production possibilities from the following in answering the following questions: a. Calculate the opportunity cost of producing one bicycle as the economy increases production of bicycles along the production possibilities curve. Make sure to include the unit of measurement for the numerical value you find. b. Explain how and why the value of the opportunity cost you calculated in part a. represents for this economy in making choices about production. c. Calculate the opportunity cost of producing one computer le as the economy increases production of computers along the production possibilities curve. Make sure to include the unit of measurement for the numerical value you find.

The table below contains combinations of bicycles and computers that an economy can produce with all of its resources:

Combination Bicycles Computers

A 0 250

B 60 210

C 120 170

D 180 130

E 240 90

F 300 0

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