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
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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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