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Production Possibhaniel Walters - F X K Shaniel Walters - F X PPC Worksheet - Y x 5 Specialization*%20 x _ Shaniel Walters - 1
Production Possibhaniel Walters - F X K Shaniel Walters - F X PPC Worksheet - Y x 5 Specialization*%20 x _ Shaniel Walters - 1 x Shaniel Walters - PPC Practice Il.pdf + 100% * 6 * 8 - Turn In . @. = SW Suppose that an economy produces only 2 goods: baseball bats and 2 x 4's. Also, the only input needed to make these goods is trees. Basically, 1 tree makes 10 baseball bats, and 1 tree makes 20 2 x 4's. If there are 5 trees in the economy, draw the production possibilities frontier for this economy. HINT: Put bats on one axis and 2 x 4s on the other axis. 4. Plot any two points on the curve and label them A and B. Then, describe the opportunity cost (what did you have to give up) by moving from point A to point B. (estimating is ok) A BATS ... T 16 SW +5- W >> 2 x 4s Page 2 / 3 O V C Sign out 12:47Production Possibhaniel Walters - F X K Shaniel Walters - F X PPC Worksheet - Y x 5 Specialization*%20 x _ Shaniel Walters - 1 x > Page 2 / 3 O C Sign out 12:47
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