Question
a) Cattletown Steakhouse is a restaurant known for its steak meal and hamburger basket. i. Using the below graph draw a production possibility frontier exhibiting
a) Cattletown Steakhouse is a restaurant known for its steak meal and hamburger
basket.
i. Using the below graph draw a production possibility frontier exhibiting
increasing opportunity costs. [1 mark]
ii. On the graph label the areas that are attainable and unattainable. [1 mark]
iii. On the graph label a point where resources are fully employed and one
where they are underemployed. [2 marks]
iv. Suppose the patty machine (used to produce hamburgers) breaks down,
increasing the time it takes to produce a hamburger basket. Depict this
situation on the production possibility frontier. [1 mark]
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