1-Draw a production possibilities frontier showing increasing opportunity cost of muffins in terms of cookies. (Draw your PPF on a piece of paper, take a picture with your phone, and upload the picture)
On your graph, please label the following points.
A: A point that is possible and efficient
B: A point that is possible but inefficient
C: A point that is not currently possible
D: On the graph, illustrate the effect of a new, less expensive sugar alternative, a resource needed to make both muffins and cookies, on this economy.
Diagrams must be drawn by hand to earn credit. have had too many problems with students using AI ????
2-Draw a supply and demand diagram BY HAND to show what will happen in the market for oranges after a hurricane knocks down many orange trees. Be sure to label the axes and curves and show what happens to the price and quantity.
Diagrams must be drawn by hand to earn credit. I have had too many problems with students using AI ????
