Question: Suppose that from 2020 to 2025, the resources Apple uses to produce its automobiles remain constant, while improvements in technology in 2025 allow Apple to

Suppose that from 2020 to 2025, the resources Apple uses to produce its automobiles remain constant, while improvements in technology in 2025 allow Apple to produce the additional quantity of two-door convertibles shown in the figure below, but no additional four-door sedans. Draw a graph that illustrates this technology change. Be sure to show both the 2020 and the new 2025 PPFs. What is the opportunity cost to Apple of producing one four-door sedan in 2020? Briefly explain whether the opportunity cost will be the same in 2025?

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