Below Is the Production Possibilities Table for the Country of Lavaland

question 22

Essay

Below is the production possibilities table for the country of Lavaland.
$$\begin{array} { c c c c c } \begin{array} { c } \% \text { resources } \\\text { devoted to } \\\text { production } \\\text { of tanks }\end{array} & \text { Number of tanks } & \begin{array} { c } \% \text { resources } \\\text { devoted to } \\\text { production } \\\text { of pizza }\end{array} & \text { Number of pizzas } & \\0 & 0 & 100 & 15 & \text { Row } \\20 & 4 & 80 & 14 & \mathrm {~A} \\40 & 7 & 60 & 12 & \mathrm {~B} \\60 & 9 & 40 & 9 & \mathrm { C } \\80 & 11 & 20 & 5 & \mathrm { D } \\100 & 12 & 0 & 0 & \mathrm { E } \\\hline\end{array}$$ (a)Use the information in the table to draw the production possibilities curve (PPC)for Lavaland.Put tanks on the horizontal axis.
(b)What is the cost to Lavaland of moving from point A to point B on its PPC? and of moving from point E to point F?
(c)What general economic principle is being illustrated by your answers to part (b)above? Explain.

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Definitions:

Fibula

A long, thin bone located on the lateral side of the tibia in the lower leg.

Ankle Bones

The bones that form the joint connecting the foot to the leg, including the tibia, fibula, and talus.

Nasal Cavity

The large air-filled space above and behind the nose in the middle of the face, involved in breathing and smelling.

Wrist

The joint connecting the hand to the forearm, allowing for a wide range of motion and flexibility.