# Micro Economics - Assignment Example

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Micro Economics Assignment Question 1 a) The diagram below shows the production possibilities curve. The production possibilities curve is based on the following assumptions: 1) Full employment 2) Resources are fixed in supply 3) The technology is fixed and there are only two goods b) It can be determined from the table that the cost of one more automobile when the economy is at point C is 9/2= 4.5 forklifts…

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