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December 22, 2014

Homework Help: macroeconomics

Posted by lou on Saturday, September 15, 2012 at 7:18pm.

Referring to the table in question 10, suppose improvement occurs in the
technology of producing forklifts but not in the technology of producing automobiles. Draw the
new production possibilities curve. Now assume that a technological advance occurs in
producing automobiles but not in producing forklifts. Draw the new production possibilities
curve. Now draw a production possibilities curve that reflects technological improvement in the
production of both products.

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