Hilary is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trucks) (Kites) (Trucks) (Kites) A 8 4 6. 3 8 4 4 2 13 D 6 15 E 16

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Chapter7: Production, Costs, And Industry Structure
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On the following graph, use the blue points (circle symbol) to plot Hilary's initial production possibilities frontier (PPF).
30
25
Initial PPF
20
New PPF
15
10
3
4.
7.
8.
TRUCKS
38°F Clear
KITES
Transcribed Image Text:On the following graph, use the blue points (circle symbol) to plot Hilary's initial production possibilities frontier (PPF). 30 25 Initial PPF 20 New PPF 15 10 3 4. 7. 8. TRUCKS 38°F Clear KITES
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17. Opportunity cost and production possibilities
Hilary is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys. The following table shows the daily
output resulting from various possible combinations of her time.
Hours Producing
Produced
Choice
(Trucks)
(Kites)
(Trucks)
(Kites)
A
8.
4
B
3
8
C
4
4
2
13
15
E
8
16
On the following graph, use the blue points (circle symbol) to plot Hilary's initial production possibilities frontier (PPF).
(?)
30
6:40 AM
38°F Clear
3/5/2022
Cop
%2:
Transcribed Image Text:Q Search 17. Opportunity cost and production possibilities Hilary is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trucks) (Kites) (Trucks) (Kites) A 8. 4 B 3 8 C 4 4 2 13 15 E 8 16 On the following graph, use the blue points (circle symbol) to plot Hilary's initial production possibilities frontier (PPF). (?) 30 6:40 AM 38°F Clear 3/5/2022 Cop %2:
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