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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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