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unit(s) of capital goods could be produced. c. Assume that the people of New Harmony have decided to produce 11 units of capital goods. Approximately
unit(s) of capital goods could be produced. c. Assume that the people of New Harmony have decided to produce 11 units of capital goods. Approximately how many units of consumer goods could be produced? unit(s) of consumer goods could be produced. d. What is the total cost of the first 14 capital goods produced? The total cost is unit(s) of consumer goods. e. Assuming the economy is producing combination C, what is the total cost of 6 additional consumer goods? The total cost is unit(s) of capital goods. f. Assuming the economy is producing combination B, what is the approximate per-unit cost of an additional capital good? The per-unit cost of an additional capital good is unit(s) of consumer goods. g. Assuming the economy is producing combination C, what is the approximate per-unit cost of an additional capital good? Round your answer to 1 decimal places. The per-unit cost of an additional capital good isu unit(s) of consumer goods. h. What law is illustrated in your answers to parts (f) and (9)? The law of (Click to select) | is illustrated by parts (f) and (9). i. Fill in the table below assuming that, 10 years later, the output potential of capital goods has increased by 50%, while the output potential for consumer goods has risen by 6 units for each combination A through D. A2 B2 C2 D2 E2 Capital Goods Consumer goods j. Show the new PPC after the output potential of capital and consumer goods has risen. Use the tool PP2 in the graph above to draw the new PPC after the output potential has risen. k. As a result of the economic growth, can New Harmony now produce 24 capital goods and 26 consumer goods? New Harmony |(Click to select) v able to produce this combination of goods.The table below contains production possibilities data for capital goods and consumer goods in the economy of New Harmony. D 00W O U I'll Capital Goods 0 14 18 2O Consumer goods 40 36 30 16 0 a. Draw the production possibilities curve (PFC) for New Harmony. Plot each paintin the graph below using the tool PM for part (a) and PPZ [or pan U). Plot 5 points in the graph below for part (a) and another 5 points for part (j). Production Possibilities Curve For New Harmony 45 n 44 PP2 40 as 32 25 24 20 16 Consumer goods 12 a PP1 D B 1 6 211 32 Capital goods b. Assume that the people of New Harmony have decided to produce 30 units of consumer goods. How many units of capital goods could be produced? unitls) of capital goods could be produced. c. Assume that the people of New Harmony have decided to produce 11 units of capital goods. Approximately how many units of consumer goods could be produced
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