Below is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts):

Production

Alternatives

Type of production

Automobiles

Forklifts

30

27

4

21

12

a. Show these data graphically.

Here is the graphical representation of the Production Possibilities Curve (PPC) for consumer goods (automobiles) and capital goods (forklifts). The curve illustrates the trade-offs between the production of these two types of goods. As more forklifts are produced, the number of automobiles decreases, highlighting the opportunity cost involved.

Would you like more details on interpreting the graph or any other aspect? Here are five related questions to further explore the concept:

1. What does the slope of the PPC represent in terms of opportunity cost?
2. How would a technological improvement affect the PPC curve?
3. Can the economy produce at a point outside the current PPC?
4. What factors might cause the PPC to shift outward?
5. What does a point inside the PPC indicate about resource utilization?

**Tip:** The PPC curve is often concave due to increasing opportunity costs when reallocating resources from one good to another.

Below is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts):

Production Alternatives

Type of production

Automobiles
Forklifts

30
27
4
21
12
a. Show these data graphically.

Explore the graphical representation of the Production Possibilities Curve (PPC) for automobiles and forklifts. Learn how opportunity costs impact the trade-offs between producing consumer goods and capital goods. Suitable for high school students in Grades 10-12.

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