5. To the right is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): LO1.6 a. Show these data graphically. Upon what specific assump- tions is this production possibilities curve based? b. If the economy is at point C, what is the cost of one more automobile? Of one more forklift? hich charac- teristic of the production possibilities curve reflects the law of increasing opportunity costs: its shape or its length? c. If the economy characterized by this production possi- bilities table and curve were producing 3 automobiles and 20 forklifts, what could you conclude about its use of its available resources?

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