Question
You are the Economic Minister of Econoland. You will be making a formal presentation about your Economic ideas concerning the Production Possibilities Frontier (PPF) of
You are the Economic Minister of Econoland. You will be making a formal presentation about your Economic ideas concerning the Production Possibilities Frontier (PPF) of Econoland during the years 1989-2019 to the Prime Minister. Econoland produces two goods-shoes (measured in millions of pairs) and flat screen computer monitors (measured in thousands of units). Econoland uses the Euro as it's currency. The PPF you will be using is the third graph in your presentation; shoes will be located on the Y axis in your graph. The title of your formal presentation in "An Economic History of Econoland'sProduction."All your data was derived from Glenn Goobalow's article "Reconciling Econoland's Metrics,"published in the January 2020 edition of the American Economic Review, volume 20, pages 281-299.
The PPF data is below:
Shoes: 0 10 20 30 40 50
Screens: 120 110 90 75 35 0
A-Clearly and accurately construct a line graph using Excel based on all the information above. (40 pts) B- Calculate and interpret the slope of the line you have graphed. Pick any two points. Assume the line between your two points is straight for part b of this assignment. Show all work. (10 pts)
C-. Referring only to this graph, how does this PPF exhibit opportunity cost and increasing opportunity? Be specific. 10 pts
Graphs for this assignment must be properly constructed and created using Excel. assignment as a Word document with embedded Excel charts. Number each step of the assignment. The assignment may be submitted to as a Word or .pdf document. Be sure to include your name at the top of the assignment before submitting. This graphing assignment is worth 60 points.
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