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.

Question

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

Quizplus · Accepted Answer

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

Below Is the Production Possibilities Table for the Country of Lavaland