During World War II, auto production was cut drastically. The resources available could be used to produce Jeeps or passenger cars. The resources could be used in the following ways.Number of Jeeps (1000’s) Number of Cars (1000’s)A.0500B.125375C.250250D.375125E.5000 a). Graph the above information on a PPFb). Why could you not increase the production of cars without decreasing the production of jeeps?c) What is the opportunity cost of moving from point B to D? f)What is the opportunity cost of moving from E to B?

Number of Jeeps (1000’s) Number of Cars (1000’s) A. 0 500 B. 125 375 C. 250 250 D. 375…

Answered: During World War II, auto production…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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During World War II, auto production was cut drastically. The resources available could be used to produce Jeeps or passenger cars. The resources could be used in the following ways.

Number of Jeeps (1000’s) Number of Cars (1000’s)

A.	0	500
B.	125	375
C.	250	250
D.	375	125
E.	500	0

a). Graph the above information on a PPF

b). Why could you not increase the production of cars without decreasing the production of jeeps?

c) What is the opportunity cost of moving from point B to D?

f)What is the opportunity cost of moving from E to B?

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