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A production possibilities curve (PPC) shows the relationship between the maximum production of one good for a given level of production of another good. Figure
A production possibilities curve (PPC) shows the relationship between the maximum production of one good for a given level of production of another good. Figure 1 on the right shows a PPC for the state of Kansas, which produces corn and wheat. Recently, an improvement was made to the harvesting machines that Kansas uses, which allows farmers to harvest the crops faster. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the improved harvesting machines. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Figure 2 on the right shows a PPC for the United States, which produces corn and cars. Over the last couple of decades, robots have replaced many of the people involved in the production of cars. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of robots. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. During the fourteenth century, a plague called the Black Death killed millions of people in Europe. Figure 3 on the right shows a PPC for Europe prior to the Black Death's arrival. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the Black Death on European production. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Production of wheat 1004 90+ 80+ 70 60-{ 50 404 304 20- 104 Kansas A 0 0 1 20 30 40 50 60 70 80 90 100 Production of corn Figure 1 o P & A production possibilities curve (PPC) shows the relationship between the maximum production of one good for a given level of production of another good. Figure 1 on the right shows a PPC for the state of Kansas, which produces corn and wheat. Recently, an improvement was made to the harvesting machines that Kansas uses, which allows farmers to harvest the crops faster. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the improved harvesting machines. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Figure 2 on the right shows a PPC for the United States, which produces corn and cars. Over the last couple of decades, robots have replaced many of the people involved in the production of cars. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of robots. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. During the fourteenth century, a plague called the Black Death killed millions of people in Europe. Figure 3 on the right shows a PPC for Europe prior to the Black Death's arrival. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the Black Death on European production. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Production of cars 1004 90 80 70 60 504 40-{ 30 20 104 Production of corn Figure 1 United States L9 o 01 0 10 20 30 40 50 60 70 80 90 100 Production of corn A production possibilities curve (PPC) shows the relationship between the maximum production of one good for a given level of production of another good. Figure 1 on the right shows a PPC for the state of Kansas, which produces corn and wheat. Recently, an improvement was made to the harvesting machines that Kansas uses, which allows farmers to harvest the crops faster. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the improved harvesting machines. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Figure 2 on the right shows a PPC for the United States, which produces corn and cars. Over the last couple of decades, robots have replaced many of the people involved in the production of cars. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of robots. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. During the fourteenth century, a plague called the Black Death killed millions of people in Europe. Figure 3 on the right shows a PPC for Europe prior to the Black Death's arrival. 1.) Using the 3-point curve drawing tool, draw a new PPC that shows the impact of the Black Death on European production. Label your curve appropriately. Carefully follow the instructions above and only draw the required object. Production of other goods 100 90 80 70 60 50 40 30 20 10 0 Figure 2 0 Fourteenth Century Europe =z ) 0 f0 20 30 40 50 60 70 80 90 100 Production of agricultural goods Figure 3
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