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5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model,
5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model, but note that your numbers and your curve will be different. Depending on the numbers you wrote in your table, your "curve" may even look more like a slant. (1 point) Section 2: Analyzing a Production Possibilities Curve 1. In what way does your production possibilities curve demonstrate the concept of scarcity? Support your answer with examples from your imaginary business. (1 point) It shows that if one person is working to create 2 products then those products are gonna be created in a slow pac of only a few weeks causing things to either run out or not be able to be produced fast enough for the market
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