Question 1: answer the following questions – 15 marks table 1 –
Question 1: Answer the following questions – 15 marks Table 1 – Production Capacity of Newland. Cars Bicycles 30,000 0 28,000 1,000 24,000 2,000 18,000 3,000 10,000 4,000 0 5,000 Use information in Table 1.1 above to answer the following questions: a. Using the above figures, map out the Production Possibilities Frontier (PPF) for the production of the Cars and bicycles (Hint! Use Microsoft […]
