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Prag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live onger and have extended careers. lote: 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 nap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.

Prag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live onger and have extended careers. lote: 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 nap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Attempts Keep the Highest 0 /1 4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and construction vehicles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: 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. (? 600 * 500 PPF 400 300 200 100 PPF 60 120 180 240 300 360 WHEAT (Millions of bushels) CONSTRUCTION VEHICLES (Thousands)
Transcribed Image Text:Attempts Keep the Highest 0 /1 4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and construction vehicles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: 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. (? 600 * 500 PPF 400 300 200 100 PPF 60 120 180 240 300 360 WHEAT (Millions of bushels) CONSTRUCTION VEHICLES (Thousands)
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