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Refer to Daisy's PPF Assume Daisy is only able to get 4 lbs of flour each week. Describe her new PPF curve. Would Daisy's PPF shift (move on both axes) or pivot (move on only one axis)? (write "shift" or "pivot") Her new PPF would cross the tarts axis at tarts. Her new PPF would cross the pies axis at pies.

Refer to Daisy's PPF Assume Daisy is only able to get 4 lbs of flour each week. Describe her new PPF curve. Would Daisy's PPF shift (move on both axes) or pivot (move on only one axis)? (write "shift" or "pivot") Her new PPF would cross the tarts axis at tarts. Her new PPF would cross the pies axis at pies.

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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Question 20 Refer to Daisy's PPF Assume Daisy is only able to get 4 lbs of flour each week. Describe her new PPF curve. Would Daisy's PPF shift (move on both axes) or pivot (move on only one axis)? (write "shift" or "pivot") Her new PPF would cross the tarts axis at tarts. Her new PPF would cross the pies axis at pies.
Transcribed Image Text:Question 20 Refer to Daisy's PPF Assume Daisy is only able to get 4 lbs of flour each week. Describe her new PPF curve. Would Daisy's PPF shift (move on both axes) or pivot (move on only one axis)? (write "shift" or "pivot") Her new PPF would cross the tarts axis at tarts. Her new PPF would cross the pies axis at pies.
Daisy has the following Production Possibilities Frontier per week. Her resource is : Ibs of flour. Note: You will use this PPF to answer the next several questions. tarts 20 18 16 + 14 12- 10 3 12 15 18 21 24 27 30 pies
Transcribed Image Text:Daisy has the following Production Possibilities Frontier per week. Her resource is : Ibs of flour. Note: You will use this PPF to answer the next several questions. tarts 20 18 16 + 14 12- 10 3 12 15 18 21 24 27 30 pies
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