12:14 PM Tut319 Oct K t' C\") 94%- E courseherocom E u Find study resources Q A :f;::f::::j~_\"j Exercise on the Production Possibility Frontier: CD-Players and ...._.. \"runs.-- Shoes t _ ' Suppose we see the following table of possible combinations of shoes and CD-players that society could '_ produce (this year): 5 ' Alternative Shoes (pairs) CDplayers (sets) A 40 0 B 30 3O PPF_COFIN_WHEAT C 20 50 D 10 60 Homework E 0 65 3) Using the axes below, draw the production possibilities frontier (PPF) for these numbers, Be as exact and neat as possible. (Assume that the dots define a complete curve) Leave room for drawing a new PPF I! 1 (in the same graph) when you get to (e) below. Exercise on Production Possibility Frontier.docx Homework 6 b) If society is currently producing alternative C, then the basis for the opportunity cost of moving to alternative B (and getting 10 more pairs of shoes) equals the value of CDplayers, c) With these production possibilities, producing 18 pairs of shoes and 50 CD sets would be Q.\"9.\"-OO--...---CCOO.'- . H 0. ...-..~.... - woo...\" -mo -~O.~ . Problem Set #1 m 2:. :2: 17.17:: 7:: ":21: * "