Refer to the table below. Type of Production Production Alternatives A B C D E Automobiles 0 2 4 6 8 Forklifts 30 27 21 12 0 a. Suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. b. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. c. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary.
Refer to the table below.
| Type of Production | Production Alternatives | ||||
|---|---|---|---|---|---|
| A | B | C | D | E | |
| Automobiles | 0 | 2 | 4 | 6 | 8 |
| Forklifts | 30 | 27 | 21 | 12 | 0 |
a. Suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new
Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary.
b. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve.
Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary.
c. Now draw a production possibilities curve that reflects technological improvement in the production of both goods.
Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary.
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