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|. Explain how you identify points on the PPC that are... 1.1. Infeasible/Unattainable Points 1.2. Inferior Points 1.3. Feasible/Attainable Points |. Regarding the graph of
|. Explain how you identify points on the PPC that are... 1.1. Infeasible/Unattainable Points 1.2. Inferior Points 1.3. Feasible/Attainable Points |. Regarding the graph of the Production Possibilities Frontier (Curve). Il. 1. Use the following data to draw a graph that has Corn along the vertical axis and F-15s along_the horizontal axis. Take a picture of your graph and insert it in your Word document. Production Alternatives that lie on the PPC Alternative Corn (in millions of bushels) F-15s (in thousands) a 24 0 b 22 1 c 19 2 d 15 3 e 4 f 5 1.2. Calculate the values of the slopes of the five segments in the graph (ab, b, cd, de, ef), and explain why they are different from an economic point of view. II. Taking into account the information provided in the previous table, explain what would happen with the PPC if... I11. 1. A group of bio-chemists was able to increase the efficiency of the production of corn. 11l 2. Industrial engineers came up with a more efficient way of producing F-15s. 111.3. The bio-chemists and the industrial engineers make the production of both corn and F-15s become more efficient. IV. Discuss the values of the slope of a straight line that is... IV. 1. Vertical to the horizontal axis; IV. 2. Parallel to the horizontal axis
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