What is the maximum amount of t that can be produced

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Reference no: EM13236220

Suppose that country A produces two goods (C and T) under conditions of constant opportunity costs. Given its resources, the maximum C that it can make is 1200 units, and the opportunity cost of making one additional T is 4 units of C.

a. What is the maximum amount of T that it can produce?

b. Draw a graph of the PPF using the information above. On your graph, place T on the vertical axis and C on the horizontal axis. Be sure to label the axes, the numerical intercepts and the PPF.

c. What is the value of the slope?

i. What does this slope value represent?

Reference no: EM13236220

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