This diagram represents the production possibility frontier of a Country. Point A has coordinates (0 S; 1.000 T) Point B has coordinates (2.000 S;OT) Point C has coordinates (1,200 5; 600 T) You are told that P(S)/P(T) is 0.5. What is the production point that is most likely to be chosen in equilibrium between A, B and C? 8 B S

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This diagram represents the production possibility frontier of a Country.
Point A has coordinates (0 S; 1.000 T)
Point B has coordinates (2.000 S;OT)
Point C has coordinates (1,200 5; 600 T)
You are told that P(S)/P(T) is 0.5.
What is the production point that is most likely to be chosen in equilibrium between A, B and C?
GO
8
B
S
Transcribed Image Text:This diagram represents the production possibility frontier of a Country. Point A has coordinates (0 S; 1.000 T) Point B has coordinates (2.000 S;OT) Point C has coordinates (1,200 5; 600 T) You are told that P(S)/P(T) is 0.5. What is the production point that is most likely to be chosen in equilibrium between A, B and C? GO 8 B S
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