(Solved): 4, Shifts in production possibilities Suppose the fictional country of Yosemite produces two types ...

4, Shifts in production possibilities Suppose the fictional country of Yosemite produces two types of goods: agricultural and capital. The following dagram shows its current production possibilites frontier for rice, an agricultural good, and axles, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a time-saving innovation in the manufacturing of axies. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.