Construct the production possibility frontier

3_2020.pdf - Adobe Acrobat Reader DC Window Help bls Econ 121_A1_13_202... * 1 / 3 77.2% (a) wheat: Colombia or Canada (b) coffee: Colombia or Canada (c) lumber: Alberta or British Columbia (d) oil: Alberta or British Columbia 4. Suppose the following production possibility table represents the prince of Quebec. A B C D E F Cheese 45 42 36 27 15 Tractors 0 10 20 30 40 50 (a) Construct the production possibilities frontier (PPF) for cheese and tractors. (b) Does this production possibilities frontier illustrate the law of increasing oppor- tunity cost? Explain. (c) Suppose a technological advance increases the efficiency of cheese production, leaving tractor production unaffected. What impact would this have on the PPF for the province of Quebec? (d) Suppose tractors represent capital goods and cheese represents consumption goods. If the province of Quebec altered its production from combination B to combina- tion E, what impact could this have on the future economic growth of the province? 5. The following graph shows three market demand curves for cantaloupe