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please explain the production possibility curve . An economy produces baseballs and bats. Only labor is required to produce these items, and the economy's labor

please explain the production possibility curve .

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An economy produces baseballs and bats. Only labor is required to produce these items, and the economy's labor force is fixed at 100 workers. The table below indicates what can be produced daily with the various quantities of labor. Number of workers baseball bats 0 0 Number of workers baseballs A 20 10 0 B 40 20 20 0 60 10 50 25 40 150 250 80 5 60 100 100 27.5 5 . 5 80 325 200 30 100 375 400 50 125 Draw the production possibilities curve on your graph below. Base buy bat? 350 300 250 200 150 50 0 52 170# 15: 20 2 25 30 35 b. What is the opportunity cost of producing the first ten baseball bats? c. What is the opportunity cost of producing the next ten baseball bats? d. Suppose the actual production for a given period is 20 bats and 250 baseballs. Identify this on your graph. What can you infer from this information? e. Suppose the production manager is requesting 30 bats and 150 baseballs. Identify this on your graph. Is this attainable? f. If new technology is developed to produce baseballs, draw the new production possibilities reflecting this change

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