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Penn State University - Abington ECON 104.002: Homework Assignment #2 (Chapter 2) NAME: INSTRUCTIONS: Graphs and diagrams should be cleared labeled all axes labeled, all

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Penn State University - Abington ECON 104.002: Homework Assignment #2 (Chapter 2) NAME: INSTRUCTIONS: Graphs and diagrams should be cleared labeled all axes labeled, all lines and curves labeled, all points labeled to get full credit. 1. A production possibilities table for two products, grain and airplanes, is found below. Grain is measured in metric tons and airplanes are measured in units of 1,000. (a) Using the graph below construct a production possibilities curve from this information placing grain on the vertical axis and airplanes on the horizontal axis. Label this curve as PPC#1 Grain Airnlanne

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