1. Assume that a certain simplified economy produces only two goods. X and Y. with given resources and technology. The following table gives the various possible combinations of
the production of the two goods (all units are measured in millions of tons).
Opportunity Cost of
Production Possibility
Good X
Good Y
Goody
A
0
100
B
2
90
С
4
60
D
6
20
a) Calculate the opportunity cost of the production of good X at each point. What law
does the trend in those values exhibit?
b) What changes are required for this economy to shift the PPF outward?​

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manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. to analyze the manifest functions of any social institution, we have to study its contribution to the continuation of a group, community, or society.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.