Below is the production possibilities table for the country of Lavaland. $$\begin{array} { c c c c c }
\begin{array} { c }
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of tanks }
\end{array} & \text { Number of tanks } & \begin{array} { c }
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of pizza }
\end{array} & \text { Number of pizzas } & \text { Row }\
0 & 0 & 100 & 15 & \mathrm{~A} \
20 & 4 & 80 & 14 & \mathrm{~B} \
40 & 7 & 60 & 12 & \mathrm{C} \
60 & 9 & 40 & 9 & \mathrm{D} \
80 & 11 & 20 & 5 & \mathrm{E} \
100 & 12 & 0 & 0 & \mathrm{~F}
\end{array}$$ (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.

Question

Below is the production possibilities table for the country of Lavaland. $$\begin{array} { c c c c c } 
\begin{array} { c } 
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of tanks }
\end{array} & \text { Number of tanks } & \begin{array} { c } 
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of pizza }
\end{array} & \text { Number of pizzas } & \text { Row }\
0 & 0 & 100 & 15 & \mathrm{~A} \
20 & 4 & 80 & 14 & \mathrm{~B} \
40 & 7 & 60 & 12 & \mathrm{C} \
60 & 9 & 40 & 9 & \mathrm{D} \
80 & 11 & 20 & 5 & \mathrm{E} \
100 & 12 & 0 & 0 & \mathrm{~F}
\end{array}$$ (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.

Quizplus · Accepted Answer

The Answer of Below is the production possibilities table for the country of Lavaland. $$\begin{array} { c c c c c } 
\begin{array} { c } 
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of tanks }
\end{array} & \text { Number of tanks } & \begin{array} { c } 
\% \text { resources } \
\text { devoted to } \
\text { production } \
\text { of pizza }
\end{array} & \text { Number of pizzas } & \text { Row }\
0 & 0 & 100 & 15 & \mathrm{~A} \
20 & 4 & 80 & 14 & \mathrm{~B} \
40 & 7 & 60 & 12 & \mathrm{C} \
60 & 9 & 40 & 9 & \mathrm{D} \
80 & 11 & 20 & 5 & \mathrm{E} \
100 & 12 & 0 & 0 & \mathrm{~F}
\end{array}$$ (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.

Below Is the Production Possibilities Table for the Country of Lavaland