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Macroeconomic production possibilities/efficiencies

How do the concepts of production possibilities and efficiency apply to electronics retail sales and your personal life?

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One of the three conditions necessary for an economy to be economically efficient is that it be on its production-possibilities frontier. If it is not on the production-possibilities frontier, more could be produced with the given resources and ...

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This solution is comprised of a detailed explanation to answer how do the concepts of production possibilities and efficiency apply to electronics retail sales and personal life.

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