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Supply Curve . Draw a production possibilities curve (PPC) with medical care services on the X- axis and defense services on the Y-axis using the

Supply Curve.

  1. Draw a production possibilities curve (PPC) with medical care services on the X- axis and defense services on the Y-axis using the following (x, y) coordinates: (0, 15); (1, 14); (2, 12); (3, 9); (4, 5); (5, 0).
  2. In a second diagram, plot the supply curve for medical care services using the above production possibilities curve (units of medical care services on the X-axis, $ on the Y-axis).
  3. What does the Y axis ($ values) represent?

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