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Assume that Robinson can still sell Bread for $1 per loaf Fill in the following table... 8. Price of Cloth $1.25 $2.25 $3.25 Quantity of Cloth Produced by Robinson 9. Plot the points below. This is Robinsons NEW Supply for Cloth. Label it Sa Price 6 4
Now imagine that a Robinson builds a loom and can now produce a little more Cloth with the same land and labor. The following chart represents Robinsons PPF for bread and cloth. 7. Opportunity Cost of 1 Yard of Cloth Cloth Bread Loaves per Month) 15 Possibility (Yards per Month) 14 2 12 4 6 8 10
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