12. Plot the points on the PPC given the following Information. Cars should be on the vertical axis and lamps should be on the horizontal axis. Label the points on the graph, and also label point J as unattainable, and point K as inefficient. Cars Motorcycles A 20,000 O B 18,500 1,125 I с 15,000 2,250 D 10,000 3,375 Which points are considered points of specialization?, Which points are attainable? Which points are efficient and attainable? E 0 4,500

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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12. Plot the points on the PPC given the following information. Cars should be on the vertical axis
and lamps should be on the horizontal axis. Label the points on the graph, and also label point J
as unattainable, and point K as inefficient.
A
20,000
Cars
Motorcycles 0
B
18,500
1,125
с
15,000
2,250
D
10,000
3,375
Which points are considered points of specialization?.
Which points are attainable?
Which points are efficient and attainable?
E
0
4,500
13. Assume that a country wants to increase production or push the PPC outwards. Give an example
of how this could happen.
Transcribed Image Text:12. Plot the points on the PPC given the following information. Cars should be on the vertical axis and lamps should be on the horizontal axis. Label the points on the graph, and also label point J as unattainable, and point K as inefficient. A 20,000 Cars Motorcycles 0 B 18,500 1,125 с 15,000 2,250 D 10,000 3,375 Which points are considered points of specialization?. Which points are attainable? Which points are efficient and attainable? E 0 4,500 13. Assume that a country wants to increase production or push the PPC outwards. Give an example of how this could happen.
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