Economics PPF help!
AppId is over the quota
AppId is over the quota
Economics, business and management discussion, revision, exam and homework help.
1 Hour Ago: 21st September 2011 19:15
Im a reading a economics book which has no answers on it and came along this question:
AppId is over the quota
Economics, business and management discussion, revision, exam and homework help.
1 Hour Ago: 21st September 2011 19:15
Im a reading a economics book which has no answers on it and came along this question: Draw a production possibility frontier. The vertical axis shows the production of public sector goods and the horizontal axis shows production of private sector goods. The economy is currently producing at point A on the frontier where 50% of all production is devoted to public sector goods and 50% to private sector goods.
Point D where the government takes over production of all goods and services.
Where would i point D exactly? Also, do i have to number my axis, if so what number range? Thanks.

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