6. Assume that the economy of Finhorn faces the following a) Draw a production possibilities curve (PP1). Label the production possibilities: horizontal axis Tools and the vertical axis Grain. Now, assume the development of a new technology that can be QUANTITIES PER YEAR used only in the tool industry, and that it increases tool A B C D output by 50 percent. Grain O 25 40 50 b) Draw a new production possibilities curve [PP2] that reflects this new technology. Tools 12 8 4 0 c) If Finhorn produced 12 units of tools per year, how many units of grain could be produced after the introduction of the new technology