Suppose the Netherlands produces two types of goods: agricultural goods and capital good. The following graph shows its current production possibilities frontier (PPF) for com, an agricultural good, and construction vehicles, a capital good. On the following graph, adjust the production possibilities frontier (PPF) to show the effects of an agricultural innovation that increases the crop yield of each acre of land. Hint: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (?) CONSTRUCTION VEHICLES (Thousands) 540 450 360 270 180 90 0 0 100 PPF 200 300 400 CORN (Millions of bushels) 500 600 PPF
Suppose the Netherlands produces two types of goods: agricultural goods and capital good. The following graph shows its current production possibilities frontier (PPF) for com, an agricultural good, and construction vehicles, a capital good. On the following graph, adjust the production possibilities frontier (PPF) to show the effects of an agricultural innovation that increases the crop yield of each acre of land. Hint: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (?) CONSTRUCTION VEHICLES (Thousands) 540 450 360 270 180 90 0 0 100 PPF 200 300 400 CORN (Millions of bushels) 500 600 PPF
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Not sure where to adjust the ppf
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