Question

it asks to plot 4 points each please help

The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. New Zealand's Production Possibilities Table M4lions of Bushels Production Alternatives Product A B с D Apples @ 23 40 60 Pluns 15 10 15 Spain's Production Possibilities Table (Millions of Bushels) Production Alternatives Product R s T U Apples @ 20 40 60 Plums 60 40 20 a plot the production possibile data for each of the two countries separately. Show the trading possibilities lines for each nation i the actual terms of trade are 1 plum for 2 apples InstructionsUse the tools provided PPC NZ' and 'PPC SP" (plot 4 points each) to draw the PPC curves. (2) Use the tools provided TOT In each diagram (plot 4 points each to draw the trading possibilities lines for each nation. To eam full credit, you must correctly plot all points for eachine New Zealand Spain Tools 140 Tools 120 60 PPCNE TOT PPC Тот 100 80 Apples (millions of bushels) 40 Apples (milions of bushels) 60 20 40 20 0 15 0 10 15 20 25 30 35 40 Plums (millions of bushels) 80 10 20 30 40 50 60 70 Plumns (millions of bushels)

Answer 1

New Zealand’s Production possibility curve is

(0.60) Apples 600 40 (5, 40) 20 (10,20) (15,0) 0 20 Plumes

Spain’s Production possibility curve is

Uyddy 80 (0,60) 604 40 (20.40) 20 (40,20) (60,0) 0 20 40 60 Plumes

Both the images show the PPFs of the two different countries.

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