PPF + machines: Microeconomics Practice Question | Quiz 64
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PPF + machines: Microeconomics Practice Question | Quiz 64
Microeconomics practice question on PPF + machines — exam prep for university, college and MBA economics students. 120 workers, 100 machines. Iron = 1 machine + 3 workers per ton; steel = 2 machines + 2 workers. If the economy makes 40 tons of iron, how much steel? Answer & explanation: 40 iron uses 3×40 = all 120 workers. Zero workers are ...
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