Assume a new method of rubber processing is discovered

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Below is the PPF for a society, Rubberland. On a given day, the society can produce according to the PPF below and only makes these two products, rubber band balls and rubber hoses. Point A on the PPF represents what Rubberland currently produces. 1. As a result of economic growth, assume a new method of rubber processing is discovered which increases the productivity of all Rubberland\'s inputs. Please shift the PPF accordingly. 2. Assuming Rubberland has no interest in making more rubber band balls than at the level in A, how many more hoses will Rubberland now be able to make per day? Note that you can move point A around, but point A is not graded.

Reference no: EM13998657

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