Answer to Question #229363 in Economics for CCW

Question

Production Possibilities Curve

3. To produce another 1,000 WMD, The opportunity cost (rises/falls) to ________ pounds.

4. If the resources were perfectly suitable, how would you draw the PPC?

Link:

https://drive.google.com/file/d/1xZEutnD6kfOzdBmo7xqMYBrCQvN044eY/view?usp=drivesdk

Answer 1

3. To produce another 1,000 WMD, the opportunity cost rises to 25,000 pounds.

4. If the resources were perfectly suitable, then we would draw the PPC as a line.