questions 4 and 5

125% + A View Zoom Add Page Insert Table Chart Text Shape Media Comment Collaborate Format Document Text Body* Update 4. What is a production possibilities frontier? How we can show efficiency on a production possibilities frontier? (1 point) Style Layout More 5. Refer to the production possibilities table below. (5 points) Font Calibri C Combination Forklifts Automobiles Regular 9 pt 30 B U S 27 Character Styles None 21 0 . A N O mon w 12 Text Color E E If the economy is at point C and moves to point D what is the cost of producing one automobile more? Show the cost calculation. b. If the economy is at point D and moves to point E, what is the cost of producing one automobile more? Show the cost Spacing 1.0 - Single C calculation > Bullets & Lists None V c. Is the cost of one automobile more increasing or stays the same? Why? Drop Cap A=v f. Refer to your answer above, what the answer tells you about the shape of this PPF? g. If the economy were producing 3 automobiles and 20 forklifts, what could you conclude about its use of available resources? h. If the economy were producing 4 automobiles and 21 forklifts, what could you conclude about its use of available resources? Is a production at a point outside of the PPF currently possible? j. Could a future advance in technology allow production beyond the current PPF