68 382
Assignments Done
Successfully Done
In November 2018

Answer to Question #75185 in Microeconomics for SHEHZAAD

Question #75185
2.1 A community in Northern Namibia produces only two goods, TVs and CDs. With the aid of properly labelled production possibilities curves illustrate each of the following (putting TVs on the vertical axis).
2.1.1 A shift in production from CDs (services) towards TVs (goods). (5)
2.1.2 An increase in the potential output of the community due to a greater availability of the factors of production. (5)
Expert's answer
2.1.1. There will be a movement along the PPF curve.
2.1.2. The PPF curve will shift outward (rightward).

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions