Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient. 2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient. 2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter2: Production Possibilities Frontier Framework
Section: Chapter Questions
Problem 1WNG
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Question
Carrot |
Apple |
0 |
10 |
1 |
9 |
2 |
7 |
3 |
4 |
4 |
0 |
Using the table above, draw the
1.Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient.
2. Identify on the graph above the point of unattainability and label it B. Why is this considered to be unattainable.
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