Question

Refer to the table below.

Type of Production Automobiles Forklifts 6 30 27 21 12 a. Suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve nstructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary Production Possibilities Automobiles 30

b. Now assume that a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve nstructions: Use your mouse to click on either one or both of the endpoints of the PPC and drag inward or outward as necessary. Production Possibilities Automobiles 8 30 Forklifts

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