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Refer to the table given below. Production Alternatives Type of production A B C D E Automobiles 02468 Forklifts 30 27 21 120 Suppose that improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Production Possibilities (i) Automobiles

Refer to the table given below. Production Alternatives Type of production A B C D E Automobiles 02468 Forklifts 30 27 21 120 Suppose that improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Production Possibilities (i) Automobiles

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 3CQQ
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Refer to the table given below. Production Alternatives Type of production A B C D E Automobiles 02468 Forklifts 30 27 21 120 Suppose that improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Production Possibilities (i) Automobiles
Transcribed Image Text:Refer to the table given below. Production Alternatives Type of production A B C D E Automobiles 02468 Forklifts 30 27 21 120 Suppose that improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. Instructions: 1. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. 2. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Production Possibilities (i) Automobiles
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