A nation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms: Yards of Carpet. (Millions) Carpet Looms (Thousands) 75 60 20 45 35 30 45 15 50 50 These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. To answer this question, assume carpet looms is on the y-axis and yards of carpet is on the x-ais The plot of these points that make up the PPF has a vertical intercept of and a horizontal intercept of This PPF would be V (Enter your responses as a whole number) bowed out a straight line

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms:
Yards of Carpet
(Millions)
Carpet Looms
(Thousands)
75
60
20
45
35
30
45
15
50
50
These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. To answer this question, assume carpet looms is on the y-axis and yards of carpet is on the x-ais
The plot of these points that make up the PPF has a vertical intercept of and a horizontal intercept of This PPF would be
(Enter your responses as a wvhole number)
bowed out
a straight line
Transcribed Image Text:Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms: Yards of Carpet (Millions) Carpet Looms (Thousands) 75 60 20 45 35 30 45 15 50 50 These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. To answer this question, assume carpet looms is on the y-axis and yards of carpet is on the x-ais The plot of these points that make up the PPF has a vertical intercept of and a horizontal intercept of This PPF would be (Enter your responses as a wvhole number) bowed out a straight line
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