Graphically show the production possibilities frontier

Reference no: EM1376363

1. Portray the following data on a two variable diagram

Academic Year Total Enrollment Enrollment in ECon
1994-95 3000 300
95-96 3100 325
96-97 3200 350
97-98 3300 375
98-99 3400 400

Measure the shape of the slope of the resulting line, and explain what this number means

2. Graphically demonstrate the production possibilities frontier for nation of Stromboli, using information given in the following table. Does the principle of increasing cost hold on Stromboli?

Pizzas/year Pizza Ovens/year
75,000,000 0
60,000,000 6,000
45,000,000 11,000
30,000,000 15,000
15,000,000 18,000
0 20,000

Reference no: EM1376363

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