The data contained in the following table shows the tradeoffs that occur in an e

Question

The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: agricultural and manufactured goods. Use the data given in the table to graph the production possibilities frontier for this hypothetical economy. Place manufactured goods along the y-axis and agricultural goods along the x-axis.

Tradeoffs That Occur Between Manufactured and Agricultural Goods

Manufactured Goods 0 25 50 75 100

Agricultural Goods 100 75 50 25 0



The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: pharmaceutical and computer-related technological products. Use the data given in the table to graph the production possibilities frontier for this hypothetical economy. Place technological goods along the y-axis and pharmaceutical goods along the x-axis.

Tradeoffs That Occur Between Pharmaceutical and Technological Products

Pharmaceutical 50 45 35 20 0
Technological 0 2 4 6 8

Compare the graphs you

Explanation / Answer

Agricultural Goods 100 75 50 25 0

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