Title-Production Possibility Frontier

Description:

i)Society's trade off between two goods-a clean environment and the quantity of industrial output what do you suppose determines the shape and position of the frontier?Show inefficiency and unattainable points with reference to PPF.

ii)Show what happens to frontiers if engineers develop a new way of producing electricity that emits fewer pollutants at a lower cost.

iii)Extend your reasoning of PPF and opportunity costs to depict two other situations involving trade offs at the societal level.Also state a hypothetical scenario resulting in shift of the PPF in both the situation.

Draw graphs wherever necessary.