Question #196511

1. Country A is a small island where the citizens can either grow apples and/or make shoes. The  table below shows the maximum annual output combinations of apples and shoes that can be  produced. [5] 

Maximum Annual Output  (Combinations)

Quantity of apples (Kilos)

Quantity of shoes 

(pairs)

1000 


800 

300

600 

500

400 

600

200 

650

675



Given that their limited resources and available technology, answer the following: 

a) Draw a production possibility frontier with apples on the horizontal axis and shoes on the  vertical axis illustrating these options, showing points A–F. 




1
Expert's answer
2021-05-23T19:17:57-0400

The answer to your question is provided in the image:




Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!
LATEST TUTORIALS
APPROVED BY CLIENTS