Suppose that,during your afternoon shift working at the library,you could either reshelve books or process interlibrary loan (ILL)requests.Draw a production possibilities frontier (PPF)that describes your production trade-offs.Your production of each of these goods is subject to increasing relative costs in production,so be sure that your graph reflects this fact.
Now suppose that a new online request system increases your efficiency at processing ILL requests but does not affect your reshelving ability.Show,on the same graph,how this new innovation changes the PPF.

Question

Quizplus · Accepted Answer

The Answer of Suppose that,during your afternoon shift working at the library,you could either reshelve books or process interlibrary loan (ILL)requests.Draw a production possibilities frontier (PPF)that describes your production trade-offs.Your production of each of these goods is subject to increasing relative costs in production,so be sure that your graph reflects this fact.
Now suppose that a new online request system increases your efficiency at processing ILL requests but does not affect your reshelving ability.Show,on the same graph,how this new innovation changes the PPF.

Suppose That,during Your Afternoon Shift Working at the Library,you Could