Production Possibilities Model

  1. Below is a production possibilities table for consumer goods (automobiles) and

      capital goods (forklifts):

 

Define, Graph and EXPLAIN a Production Possibilities Model using the table below. In your explanation, I want to hear your thoughts on Opportunity cost, attainable, unattainable, economics growth, specialized growth, tradeoff, what’s being produce, Economic resources etc etc.

DETAILED ASSIGNMENT

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