< Ch.2. Model Building and Gains.... pon 02/09/20 83% 2nd attempt Feedback See Hint An auto...

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Answer 1

Answer #1

00025. PPF HATCHBACKS EFFICIENT USE OF RESOURCES (750 SEDANS & 600 HATCHBACKS QUANTITY OF он (IN EFFICIENT UTILISATION OF RES

The above graph initially shows efficient utilisation of resources .,when the manufacturer opts 750 sedans and 600 hatchbacks daily.

The point ( imaginary) below( inside) the optimal line shows that there are now inefficient use of resources.( Say, 500 sedans and 370 hatchbacks)

Point to be noted is ----- Resources are not decreased but they are inefficiently utilised at point H.

Answer 2

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