# assignment questions

assignment questions

assignment questions
In the space provided below draw the production possibilities frontier (PPF) for the following:   Point Apples (on x-axis) Oranges (on y-axis) 105 90 10 75 20 60 30 45 40 30 50 70           (2p) Draw the PPF. Label everything (axes, quantities, points A – G, PPF1). (2p) The opportunity cost of producing the first 30 apples  = ____ units of (good) _________ and we are moving __________(upward/downward) along the PPF from point ____ to point ____. (2p) The opportunity cost of producing the first 10 oranges  = ____ units of (good) __________ and we are moving ____________(upward/downward) along the PPF from point ____ to point ____. (2p) The opportunity cost of moving from point D to point C is the opportunity cost of producing ____ more units of good ____ and it is (measured as) equal to ____ units of good ____. (2p) New technology is invented that benefits only the production of oranges. Show the new PPF after the new technology is introduced. Label it PPF2.

### Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now