ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The graph shows the Production Possibility Frontiers of Writ (orange, dotted line) and Greg
(green, solid line) when they gather pumpkins or branches individually.
Drag and drop the points A, B and C to form the Production Possibility Frontier when Wirt
and Greg specialize and exchange the production of branches and pumpkins.
Note: Use the circle in the top, left corner of the textbox as the point. Drab Point A as the
top left point. Drag Point B to the point at which the joint PPF changes slope. Drag Point C
to the bottom right point.
Total
Branches
6
5
4
3
2
1
O
0 1 2 3 4 5 6
Point A
Point B
Point C
Greg's PPF
Wirt's PPF
Total
Pumpkins
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Transcribed Image Text:The graph shows the Production Possibility Frontiers of Writ (orange, dotted line) and Greg (green, solid line) when they gather pumpkins or branches individually. Drag and drop the points A, B and C to form the Production Possibility Frontier when Wirt and Greg specialize and exchange the production of branches and pumpkins. Note: Use the circle in the top, left corner of the textbox as the point. Drab Point A as the top left point. Drag Point B to the point at which the joint PPF changes slope. Drag Point C to the bottom right point. Total Branches 6 5 4 3 2 1 O 0 1 2 3 4 5 6 Point A Point B Point C Greg's PPF Wirt's PPF Total Pumpkins
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