Question: 10. You will create a Convex PPC model; recall instructions for a complete graph. Your tasks are to: a. label the Yaxis and the Xaxis


10. You will create a Convex PPC model; recall instructions for a complete graph. Your tasks are to: a. label the Yaxis and the Xaxis accordingly b. give the goods the production unit values of 2, 4, 6, 8, 10, 12 along each axis. 11. Why is the model you've just drawn Convex? Be sure to explain your explain. 12. Draw a Concave PPF on a PPC model. Always include a title, axis labels, and curve label. 13. If this country loses resources, use the model above to draw what would happen to the PPF. 14. What could cause this country to lose resources? Give a specific example. 15. Draw a Concave PPF on a PPC model. Always include a title, axis labels, and curve label. 16. If this country gains resources, use the model above to draw what would happen to the PPF. 17. What could cause this country to gain resources? Give a specific example. 18. On the model you've just drawn fromQ. 15, label U. 19. Name a time (specific) that the US. was at 'U. 20. In terms of resources, why is it impossible to produce beyond the PPF. 21. In terms of resources, what could cause a country to be at 'U'? 22. What condition occurs on the PPF for any economy? 23. What condition occurs at 'U' for any economy
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