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Choiceland has 250 workers and produces only two goods, X and Y. Labour is the only factor of production, but some workers are better suited
Choiceland has 250 workers and produces only two goods, X and Y. Labour is the only factor of production, but some workers are better suited to producing X than Y (and vice versa). The table below shows the maximum levels of output of each good possible from various levels of labour input. Number of Annual Number of Annual Workers Production of Workers Production Producing X X Producing Y of Y 0 0 250 1300 50 20 200 1200 100 45 150 900 150 60 100 600 200 70 50 350 250 75 O 0 a. Draw the production possibilities boundary for Choiceland on a scale diagram, with the production of X on the horizontal axis and the production of Y on the vertical axis. Use the multipoint curve drawing tool to draw a new production possibilities boundary on the graph on the right, reecting the change in the infrastructure. Properly label this curve. Make sure to plot a point for every point on the boundary. Carefully follow the instructions above, and only draw the required objects. Annual Production on 1400 Production Possibilities Boundary 1300 120 1100 ,0/0 1000 900 800 700 600 500 400 300 200 100 0*! 0 10 20 30 4 Annua 0 50 60 70 80 90 100 Production of X
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