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Refer to the table below. Production Alternatives Type of Production A B C D Automobiles 2 4 6 Forklifts 30 27 21 12 a. Suppose
Refer to the table below. Production Alternatives Type of Production A B C D Automobiles 2 4 6 Forklifts 30 27 21 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 Automobiles 8 30 Forkliftsb. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. 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 Automobiles 8 30 Forkliftsc. Now draw a production possibilities curve that reflects technological improvement in the production of both goods. 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 Automobiles 8 30 Forklifts
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