+1 >> CENGAGE MINDTAP Homework: Chapter 02 3. Shifts in production possibilities Suppose France produces two types of goods: agricultural goods and capital good. The following graph shows its current production possibilities frontier (PPF) for corn, an agricultural good, and airplanes, a capital good. On the following graph, adjust the production possibilities frontier (PPF) to show the effects of an improvement in soil quality because of new fertilization techniques. Hint: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. AIRPLANES (Thousands) 360 300 240 180 120 60 0 0 10 20 30 PPF 40 50 60 CORN (Millions of bushels) PPF

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CENGAGE MINDTAP
Homework: Chapter 02
3. Shifts in production possibilities
Suppose France produces two types of goods: agricultural goods and capital good. The following graph shows its current production possibilities
frontier (PPF) for corn, an agricultural good, and airplanes, a capital good.
On the following graph, adjust the production possibilities frontier (PPF) to show the effects of an improvement in soil quality because of new
fertilization techniques.
Hint: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will
snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
AIRPLANES (Thousands)
360
300
240
180
120
60
0
0
10
20
30
PPF
40
50
60
CORN (Millions of bushels)
PPF
Transcribed Image Text:+1 >> CENGAGE MINDTAP Homework: Chapter 02 3. Shifts in production possibilities Suppose France produces two types of goods: agricultural goods and capital good. The following graph shows its current production possibilities frontier (PPF) for corn, an agricultural good, and airplanes, a capital good. On the following graph, adjust the production possibilities frontier (PPF) to show the effects of an improvement in soil quality because of new fertilization techniques. Hint: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. AIRPLANES (Thousands) 360 300 240 180 120 60 0 0 10 20 30 PPF 40 50 60 CORN (Millions of bushels) PPF
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