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  • Question 6

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    Setsuna Teru
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    This document shows Australia's production possibilities curve for iron ore and wheat from years A to E. It displays that as iron ore production increases from 0 to 20 million tons, wheat production decreases from 21 to 0 million tons, demonstrating the tradeoff between the two goods due to limited resources. The curve illustrates the maximum combinations of iron ore and wheat that could be produced with Australia's current resources and technology.

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    question 6.xlsx

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    This document shows Australia's production possibilities curve for iron ore and wheat from years A to E. It displays that as iron ore production increases from 0 to 20 million tons, wheat production decreases from 21 to 0 million tons, demonstrating the tradeoff between the two goods due to limited resources. The curve illustrates the maximum combinations of iron ore and wheat that could be produced with Australia's current resources and technology.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    9 views1 page

    Question 6

    Uploaded by

    Setsuna Teru
    This document shows Australia's production possibilities curve for iron ore and wheat from years A to E. It displays that as iron ore production increases from 0 to 20 million tons, wheat production decreases from 21 to 0 million tons, demonstrating the tradeoff between the two goods due to limited resources. The curve illustrates the maximum combinations of iron ore and wheat that could be produced with Australia's current resources and technology.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    combination

    production
    A B C D E
    iron ore (million ton) 0 5 10 15 20
    wheat (million ton) 21 16 11 6 0

    PPC for Australia production


    25

    20
    iron ore (million ton)

    15

    10

    0
    0 5 10 15 20 25
    wheat (million ton)

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