Question
Sample Production Possibilities Curve Problem: Sacrifice of Alt. Cars Radios Radios for Cars Cars A 0 500 B 1 479 C 2 424 D 3
Sample
Production
Possibilities
Curve
Problem:
Sacrifice
of
Alt.
Cars
Radios
Radios
for
Cars
Cars
A
0
500
B
1
479
C
2
424
D
3
337
E
4
203
F
5
0
Radios
a.
Calculate
Sacrifice
of
Radios
for
Cars
(fill
in
last
column).
b.
Plot
data
on
graph,
creating
a
Production
Possiblities
Curve.
c.
On
same
diagram,
show
the
effect
of
a
decrease
in
the
minimum
age
required
to
get
working
papers.
d.
Redraw
the
diagram,
show
the
effect
of
the
discovery
of
additional
resources
which
are
critical
to
the
production
of
Cars
only.
e.
Redraw
the
diagram.
Using
another
production
possibilities
curve,
show
the
effect
of
a
breakdown
in
assemblyline
equipment
which
is
related
to
the
production
of
Radios
only.
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