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Need help with economics ppf homework (questions are in the image) Production Possibilities for the country of Vulcan. Rocket Books Tacos 50 40 250 30

Need help with economics ppf homework (questions are in the image)

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Production Possibilities for the country of Vulcan. Rocket Books Tacos 50 40 250 30 450 20 600 10 700 750 In the space below, dress and label the production possibilities curve using the schedule above. Place Tacos on the horizontal axis. 1. The country of Vulcan invests in a faster Rocket Boot processing machine. What will happen to the production possibilities curve of Vulcan? (estimate, I'm not looking for exact numbers) Explain below and show on the chart above. 2. What is the opportunity cost to Vulcan of increasing the production of Rocket Boots from 40 to 60? What is the opportunity cost to Vulcan of increasing the production of Tacas from 800 to 700? 1. The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the market price of the additional amount produced. the amount of the other good which must be given up. the amount of resources which must be devoted to its production. the number of dollars which must be spent to produce it

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