Answer to Question #256591 in Microeconomics for Akhona Klanisi

Question

1.

In South Africa, entrepreneur Hloki Raphuting, founder of PalmH, manufactures high-quality bags and shoes all made from the finest leather. Draw a PPC illustrating the production combinations of leather bags and leather shoes. On the same diagram illustrate and explain what would happen to the PPC if PalmH acquired additional resources for producing both shoes and bags.

Answer 1

If palm H acquired resources, the ppc will move towards F