Kyoko is a talented artist who sells hand-crafted goods on her website. Kyoko currently crafts and sells both tea towels and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. Choice Hours Crafting Produced (Tea towels) (Cutting boards) (Tea towels) (Cutting boards) A8040 B6238 C44212 D26115 E08016 On the following graph, use the blue points (circle symbol) to plot Kyoko's initial production possibilities frontier (PPF). Initial PPF New PPF 0 1 2 3 4 5 6 7 8 30 25 20 15 10 5 0 CUTTING BOARDS TEA TOWELS



Answer :

Answer:

To plot Kyoko’s initial Production Possibilities Frontier (PPF) based on the data provided, we’ll map the number of tea towels and cutting boards she can produce depending on how she allocates her 8 hours of crafting time. Here’s how you can plot the PPF:

On the horizontal axis, you will plot the number of cutting boards.

On the vertical axis, you will plot the number of tea towels.

Using the choices given in the table:

Choice A: 0 tea towels, 16 cutting boards

Choice B: 15 tea towels, 12 cutting boards

Choice C: 20 tea towels, 8 cutting boards

Choice D: 38 tea towels, 3 cutting boards

Choice E: 40 tea towels, 0 cutting boards

Now, plot these points on the graph and connect them with a curve to form the PPF. The curve should bow outward from the origin, showing the trade-off between producing tea towels and cutting boards. The PPF demonstrates the maximum possible output that Kyoko can produce with her limited resources (time in this case).

Here’s a textual representation of how the points would look:

Tea Towels (Vertical Axis)

|

| E

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| D

|

| C

|

| B

|

| A

|_________________________________

0 3 8 12 16 (Cutting Boards on Horizontal Axis)

Remember, the actual PPF would be a smooth curve connecting these points, showing all possible combinations of the two goods that Kyoko can produce. The curve represents the trade-offs and opportunity costs of allocating her time between crafting tea towels and cutting boards. If Kyoko learns new techniques or finds ways to work more efficiently, the PPF could shift outward, indicating an increase in her production capacity.