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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

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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]

image text in transcribed
Cattletown Steakhouse Production Possiblity Frontier Steak Meals Hamburger Baskets

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