Imagine the country of Zed, which has the following production possibilities curve:
What is the opportunity cost between tanks and noodles? Is it constant?
Graph the ppc.
True, false, uncertain, and explain: “This economy should produce 30 noodles and 300 tanks because that is the most even distribution of resources between the two goods.”
Tanks: Noodles:
0 51
100 45
200 38
300 30
400 21
500 11
600 0
What is the opportunity cost between tanks and noodles? Is it constant? Graph the ppc. True, false, uncertain, and explain: "This economy should produce 30 noodles and 300 tanks because that is the most even distribution of resources between the two goods."