SOLUTION: I have to do a production possibilities table for consumer goods (automobiles) and capital goods (forlifts):
Production Alternatives
Type of Production A B C D E
Autom
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Question 67120This question is from textbook Economics
: I have to do a production possibilities table for consumer goods (automobiles) and capital goods (forlifts):
Production Alternatives
Type of Production A B C D E
Automobiles 0 2 4 6 8
Forklifts 30 27 21 12 0
Show these data graphically. Upon what specific assumptions is the production possibilites curve based?
Please help me do the graph. Thanks
This question is from textbook Economics
Answer by ronniecroberts(6) (Show Source): You can put this solution on YOUR website!
make a graoh with an x and y axis. label yhe y axis with your letters a-e then on the x axis label it with numbers staring at 0 going up by 2's to 30 then to graph it start with the automobiles and graph it at it's piont and at every point label it A and do the same for Forkliftds and label each point F
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