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1. Production Possibilities (85 points)
The following production possibilities table data represent the amount of consumer
goods and capital goods produced in the United States in a given day.
Option
A
B
C
D
E
Consumer Goods
150000
130000
100000
60000
0
Capital Goods
0
5000
10000
15000
20000
Plot the above options as a production possibilities curve, placing capital goods
on the x-axis and consumer goods on the y-axis.
b. What is the value for the y-intercept on this graph?
C.
State the four assumptions that the table and curve are based upon.
Sagot :
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