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Problem 01-07 Refer to the table below. Type of Production Automobiles Forklifts A Automobiles 0 30 Production Alternatives B 2 27 C 4 21 D
Problem 01-07 Refer to the table below. Type of Production Automobiles Forklifts A Automobiles 0 30 Production Alternatives B 2 27 C 4 21 D 6 12 a. Suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Instructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Production Possibilities E 8 0 ppc 1
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