A production possibilities table for DVDS and computers is shown below.Production AlternativesType of ProductionABDEComputers20406080DVDS80705535a. Show these data graphically, and then identify a point that indicates an inefficient use of resources and a point that indicates anunattainable combination of goods.Instructions: Use the tool provided 'PPC' to draw a PPC curve (plot 5 points total).100Tools80PPC60402020406080100ComputersPoint(Click to select) ♥ is an example of an inefficient point, while point (Click to select) ▼is an example of an unattainable point.b. Does the economy above demonstrate the law of increasing opportunity cost?|(Click to select) ♥DVDS

a. The PPC(‘production possibilities curve’) is referred to a graphical model which represents…

Answered: Product Production A 20 80 70

Business

Economics

Product Production A 20 80 70

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A production possibilities table for DVDS and computers is shown below.
Production Alternatives
Type of Production
A
B
D
E
Computers
20
40
60
80
DVDS
80
70
55
35
a. Show these data graphically, and then identify a point that indicates an inefficient use of resources and a point that indicates an
unattainable combination of goods.
Instructions: Use the tool provided 'PPC' to draw a PPC curve (plot 5 points total).
100
Tools
80
PPC
60
40
20
20
40
60
80
100
Computers
Point
(Click to select) ♥ is an example of an inefficient point, while point (Click to select) ▼
is an example of an unattainable point.
b. Does the economy above demonstrate the law of increasing opportunity cost?
|(Click to select) ♥
DVDS

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