Supermarché Jean Claude has decided to manufacture its own brand of non-alcoholic beverages, called NAB, and chocolate bars, called S-JC. A certain amount of money has been allocated to the production of these two products. Jean Claude believes in the old saying that a picture is worth a thousand words, and once again, he has called on you. This time, he wants to see diagrams that illustrate the effects of each of the following events on the production possibilities for NABs and S-JCs so he can visualize the situation. (a) A new and more efficient method of producing non-alcoholic beverages is discovered. (b) The demand for both non-alcoholic beverages and chocolate bars increases. (c) More workers are hired to produce S-JCs. (d) Resources are transferred from S-JC production to NAB production. (e) All workers are trained so that the quality of their labour services improves.
Supermarché Jean Claude has decided to manufacture its own brand of non-alcoholic beverages, called NAB, and chocolate bars, called S-JC. A certain amount of money has been allocated to the production of these two products. Jean Claude believes in the old saying that a picture is worth a thousand words, and once again, he has called on you. This time, he wants to see diagrams that illustrate the effects of each of the following events on the production possibilities for NABs and S-JCs so he can visualize the situation. (a) A new and more efficient method of producing non-alcoholic beverages is discovered. (b) The demand for both non-alcoholic beverages and chocolate bars increases. (c) More workers are hired to produce S-JCs. (d) Resources are transferred from S-JC production to NAB production. (e) All workers are trained so that the quality of their labour services improves.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Supermarché Jean Claude has decided to manufacture its own brand of non-alcoholic beverages, called
NAB, and chocolate bars, called S-JC. A certain amount of money has been allocated to the production
of these two products. Jean Claude believes in the old saying that a picture is worth a thousand words,
and once again, he has called on you. This time, he wants to see diagrams that illustrate the effects of
each of the following events on the production possibilities for NABS and S-JCs so he can visualize the
situation.
(a) A new and more efficient method of producing non-alcoholic beverages is discovered.
(b) The demand for both non-alcoholic beverages and chocolate bars increases.
(c) More workers are hired to produce S-JCs.
(d) Resources are transferred from S-JC production to NAB production.
(e) All workers are trained so that the quality of their labour services improves.
Instructions
Produce the series of graphs with accompanying texts (150-175 words) so that Uncle Jean Claude will
have the visual aids that he requires. (Assume all else remains equal.)
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