Question 1

a.Draw and explain a production possibilities frontier for an economy that produces cheese and milk. What happens to this frontier if a disease kills half of the economy's cows?

b.Use a production possibilities frontier to describe the idea of "efficiency."

Question 2

1. Draw and explain a production possibilities frontier for an economy that produces cheese and milk. What happens to this frontier if a disease kills half of the economy's cows?
2. Use a production possibilities frontier to describe the idea of "efficiency."