Answer to Question #314358 in Microeconomics for Sun

Question

Imagine a society that produces “guns” (military goods) and “butter” (consumer goods).

(1) Please draw a PPF for guns and butter, using the concept of opportunity cost.

(2) Suppose that the society has two political parties, called the Hawks (who want a strong military and the Doves (who want a smaller military). Show a point on your PPF that the Hawks might choose and a point that the Doves might choose.

Answer 1

1)

2)