A country has the following production possibility table:

a. Draw the country's production possibility curve.
b. What's happening to marginal opportunity costs as output of food increases?
c. Say the country gets better at the production of food. What will happen to the production possibility curve?
d. Say the country gets equally better at producing both food and clothing. What will happen to the production possibility curve?

Transcribed Image Text:

Resources Devoted to Clothing Output of Clothing Resources Devoted to Food Output of Food 100% 80 60 40 20 20 096 20 40 60 80 100 12 12 14 15 0