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Only answer question C 2. Draw Production Possibilities Graph for the Ford Motor Co. using the following information: ( 15 A B C D E
Only answer question C
2. Draw Production Possibilities Graph for the Ford Motor Co. using the following information: ( 15 A B C D E F G Cars 0 10 18 25 30 33 35 Trucks 45 42 39 33 25 15 0 A. What are the consequences of Ford producing at combination A? Combination G? In reality, are either combinations desirable? Why? Why not? ( /5) B. Plot the combination with 20 cars and 40 trucks and label it "X." Plot the combination with 25 cars and 20 trucks and label it *Y." Explain what is happening at these points? ( /5) C. Explain, with examples, how your graph shows 5 concepts: opportunity costs, efficiency, unemployment, the law of increasing opportunity costs, and economic growth. ( /11)Step by Step Solution
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