Question

draw a new production possibilities curve [PP2] that reflects this new technology​

Answer 1

Answer:

The curve measures the trade-off between producing one good versus another. For example, say an economy can produce 20,000 oranges and 120,000 apples. ... If it wants to produce more oranges, it must produce fewer apples. On the chart, Point C shows that if it produces 45,000 oranges, it can only produce 85,000 apples.

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Answer 2

Answer:

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Explanation:

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