Question

GRAPHING 31. Draw a PPF for an economy that, when exhausting all given resources, can produce either 65 tons of steel or 90 tons of cheese. Label three points showing A. maximum productive efficiency, B. improper resource allocation/inefficient production, and C. unattainable levels of output. (7 pts) 32. What does the slope of the PPF represent conceptually? How (mathematically)? Be brief and to the point. Explain using your PPF above. (5 pts)

Answer 1

Sape Point Amaimum produdive iniroduetion CCmatainable Jerd oouput Sop PPF hau he pohnity Ct in. eams dheege omd Noice-net q. A chee cheekp Jope 7 Sleed