Suppose that Ned can produce either potato chips or computer chips. If he only produces potato chips he can produce 12 i

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Suppose That Ned Can Produce Either Potato Chips Or Computer Chips If He Only Produces Potato Chips He Can Produce 12 I 1 (43.59 KiB) Viewed 63 times

Suppose that Ned can produce either potato chips or computer chips. If he only produces potato chips he can produce 12 in a day. If he only produces computer chips, he can produce 16 in a day. Drag the endpoints of the line to plot his production possibilities frontier (PPF) on the graph. 20 What is the opportunity cost of computer chip production (in terms of potato chips/computer chip)? 1/2 18 Neds PPF 16 14 16 12 12 Potato Chips 10 3/4 8 4/3 6 4 2 0 2 4 14 16 18 20 6 10 12 Computer Chips