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Draw a ppc graph

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Question 1. Draw a PPC Graph based on the following table.

Production Options

Tractor Output

Tank output

A

15

0

B

12

6

C

9

9

D

6

11.4

E

3

13.5

 

 

15

a. what is the opportunity cost of increasing Tank production from 0 to 9?

b. what is the opportunity cost to increase Tractor production from 3 to 12?

c. draw a production point option Y that show the incomplete use of available resources.

Question 2. Graphically display an Increasing Production Possibilities Curve and identify two reasons that cause the curve to shift?

Reference no: EM13751572

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