MACROECONOMICS

One of the trade-offs Toyota faces is between safety and gas mileage. For example, adding steel to a car makes it safer but also heavier, which results in lower gas mileage. Use the three-point curved line drawing tool to draw a hypothetical PPF that Toyota engineers face that shows this trade-off. Assume that this trade-off is consistent with increasing costs of added safety. Properly label this curve. Carefully follow the instructions above, and only draw the required object. Gas mileage SafetyYou have exams in economics and chemistry coming up and five hours available for studying. The following table shows the trade-offs you face in allocating the 100- time you will spend in studying each subject. Hours Spent Studying Midterm Score 96- Choice Economics Chemistry Economics Chemistry 97 73 95 81 92 87 OUNWAG TMDOO 87 91 82 93 Score on economics exam 75 95 a. Use the data in the table to draw a production possibilities frontier graph. 1.) Use the multipoint curve drawing tool to plot the production possibilities frontier curve. Plot points for all choices A through F. Properly label this curve. 2.) Use the point drawing tool to plot all choices A through F. Properly label these points. 68- 68 72 76 80 84 88 92 96 100 Carefully follow the instructions above, and only draw the required objects. Score on chemistry exam (74,94) b. If you are at choice B, the opportunity cost of increasing your chemistry After plotting the final point of your multipoint curve, press the Es score by studying one additional hour for the chemistry exam is 3|fewer keyboard to end the line point(s) on your economics exam. (Enter your response as a whole number.)