Reference no: EM133661196

Assignment:

This question has graphs that you need to construct as part of your answer. Please go to this site to make your graphs: Start with a basic diagram and add in all the parts needed to make the correct graph for your answer. When you're done, save your work or take a screenshot and then attach the image file to the test question here before moving on. Before you finish, check your work! Are the horizontal and vertical axes labeled correctly? Does every line have a label? Are shifts shown with directional arrows? Did you show changes in equilibrium points by labeling new one and showing changes in levels on the axes? Draw a picture of a production possibilities frontier curve. Identify each axis as measuring either guns or butter.

Select and label Point A, which is beyond the economy's ability to produce; Point B, which represents an inefficient level of production; Point C, an efficient combination of output in which more guns are produced than units of butter; and Point D, an efficient production point in which more units of butter are produced than guns. Be sure to label each clearly. Submit your drawing using the picture icon on the toolbar above. You will then attach your image file, and submit.