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Boost Mobile LTE 5:15 AM Done 6 of 6 Q C) What accounts for the shape of the PPC? In other words, what is it
Boost Mobile LTE 5:15 AM Done 6 of 6 Q C) What accounts for the shape of the PPC? In other words, what is it about the relationship between catching shrimp and gathering mangos that explains the shape? D) Illustrate on your graph from part A what would happen if Mr. Crusoe developed a new, more efficient shrimp net that allowed him to catch 1.5 pounds of shrimp per hour instead of I pound of shrimp. 2. You have recently purchased an undeveloped plot of agricultural land and need to decide how to use it. You believe that the land would be able to grow peaches or raise goats. Not all of the land is equally suited to producing both products, however. Some land is much better suited for peach trees, and some is better suited for goat grazing. You can produce the following combinations of peaches and goats, depending on how you divide the land for peach cultivation and goat raising. Peaches Goats (bushels) 125 0 1 15 200 95 400 70 600 40 800 0 1000 A) Draw the production possibility frontier/curve that you face for peaches and goats. + )
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