The state of California has proposed sending New York City 500 ventilators for COVID -19 victims that are experiencing respiratory problems. However, if California sends New York these very important devices then they may need some of them later and not have any. Suppose that instead of sending all of the 500, California sends 300. Starting from a case of New York not having any respirators and California having 500, using a production possibilities graph, show a situation where California sends 300 respirators instead of 500.
The state of California has proposed sending New York City 500 ventilators for COVID -19 victims that are experiencing respiratory problems. However, if California sends New York these very important devices then they may need some of them later and not have any. Suppose that instead of sending all of the 500, California sends 300. Starting from a case of New York not having any respirators and California having 500, using a production possibilities graph, show a situation where California sends 300 respirators instead of 500.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The state of California has proposed sending New York City 500 ventilators for COVID -19 victims
that are experiencing respiratory problems. However, if California sends New York these very
important devices then they may need some of them later and not have any. Suppose that instead
of sending all of the 500, California sends 300. Starting from a case of New York not having any
respirators and California having 500, using a production possibilities graph, show a situation
where California sends 300 respirators instead of 500.
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