1. You have learned about production possibilities curves. Now read the following scenario and create a curve on a graph.

• A factory can produce both shoes and boots. It can produce either 0 boots and 100 pairs of shoes, 75 pairs of boots and 0 shoes, or some amount of both shoes and boots. Make a production possibilities table and graph to show the factory's options.
  • You can determine how many of each item the factory produces, within the limits set above.
  • Your graph should include at least three points, in addition to the ones described above.
  • Your graph should reflect the law of increasing costs.