Suppose you have the following information on lslandland's production possiblity. o Islandland has 50000 labor hours available each year. c Producing cars requires 250 hours. 0 Producing tablets requires 100 hours. Part A Use this information to complete the table below. For Bundle A assume Islandland spends all labor hours producing cars. For Bundle B assumes Islandland spends 75% of labor hours producing cars and the remaining 25% on tablets. For Bundle C assume Islandland spends 25% of labor hours producing cars and the remaining 75% on tablets. For Bundle 0 assume Islandland spends 100% of labor hours producing tablets. Round any answers I o'ecil'na:f place (example: 35. 5). | Bundles A a c o lCars 200 150 so 0 [Ta blets o 125 375 sou Part B Suppose a new technology allows for a reduction in the number of labor hours. Under the new technology it now requires only 200 hours to produce a car. How does this change the Production Schedule (assume the same percentages of labor hours for each bundle)? Round any answers 3' decimal place (example: 35. 5). Bundles New A B C D Technology Cars 250 | 1315| 52.5 n iablets 0 | 125| am 500 Part C Which of the graphs below best depicts the effect of new technology on the Production Possibility Curve? Part C Which of the graphs below best depicts the effect of new technology on the Production Possibility Curve? Cars Graph A Cars Graph B Tablets Tablets Cars Graph C Cars Graph D Homework Help - Q&A from Online Tutors - Course Hero Tablets Tablets