Answer to Question #327507 in Microeconomics for Anonymous

Question

Consider a production possibilities curve with maize on the vertical axis and cars on the horisontal. Unusually good weather for growing maize shift:

1.neither the horisontal intercept nor the vertical intercept.

2.the horisontal intercept rightward and the vertical intercept upward.

3.the horisontal intercept rightward but does not shift the vertical intercept.

4.the vertical intercept upward but does not shift the horisontal intercept.

Answer 1

4. the vertical intercept upward but does not shift the horisontal intercept.