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
|
| 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.