production production alternatives

Project Description:

1.) below are the production possibilities for a 2-product economy (jelly beans and vitamins): production production alternatives (tons) a b c d e vitamins 0 5 8 10 11 jelly beans 56 48 36 20 0 a.) graph this data. b.) if the economy is at point c, what is the cost of one more ton of vitamins? c.) if the economy is at point c, what is the cost of one more ton of jelly beans? d.) identify on your graph (or explain in words) what would happen to the location of the production possibilities curve if global warming melts the ice off a whole bunch of land previously unusable which can now be used for making vitamins and/or jellybeans. e.) identify on your graph (or explain in words) what would happen to the location of the production possibilities curve if the unemployment rate increases from 5% to 8%. f.) describe the probable difference in future ppc’s if the economy chooses to operate on point b vs. point d and briefly explain your reasoning.
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Price Type: Negotiable

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