An economy produces consumer goods and capital goods. initially, 600 units of consumer goods can be produced if no capital goods are produced. likewise, 600 units of capital goods can be produced if no consumer goods are produced. 1.) using the 3-point curved line drawing tool, show an initial production possibilities curve. label it ppc 1. 2.) then assume that economic growth increases the economy's production possibilities for both types of goods. using the 3-point curved line drawing tool, draw a new production possibilities curve. label it ppc2. carefully follow the instructions above, and only draw the required objects.

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of: