Question

Following table depicts the production possibility of commudity X and Y: (4) Possibility A B C D E Commodity X 0 1 2 3 4 Commodity Y 10 9 7 4 0 a) Show these production possibilities through PPF. What do the points on the curve indicate? b) Label a point F inside the curve. What does this point indicate? c) Label a point G outside the curv e. What does this point indicate?​

Answer 1

Answer:

Brainly.in

Search for an answer to any question...

iamukboy

iamukboy

19.06.2020

Economy

Secondary School

answered

The following table depicts the production possibilities of commodities X and Y:

Possibility

A

B

C

D

E

Commodity X

0

1

2

3

4

Commodity Y

10

9

7

4

0

Show these production possibilities through PPF. What do the points on the curve indicate?

Label a point F inside the curve. What does this point indicate?

Label a point G outside the curve. What does this point indicate?

What must occur so that the economy can attain the level of production as indicated by point G?