To answer this question you will need to draw a graph either using pencil and paper or on your computer. If you use pencil and paper you will need to take a picture of the drawing and submit the image. If you draw on the computer you will need to submit your document.

The country of Cooperstown is producing at full employment and produces two types of goods, softballs and baseballs.

a) Draw a correctly labeled graph of Cooperstown's production possibilities curve, with softballs on the horizontal axis and baseballs on the vertical axis.

b) Indicate a point on your graph labeled E, that represents full employment and efficient production and a possible combination in which more softballs are being produced than baseballs.

c) Indicate a point on your graph labeled D, that represents full employment and efficient production and a possible combination in which more baseballs are being produced than softballs.

d) Assume there is an increase in productive resources in Cooperstown, place a point on your graph labeled Y, that would represent this change in resources.

e) Now assume there is a labor shortage and in return this results in inefficient production. Indicate a point on your graph labeled N, that would represent this change in resources.