1. refer to the production possibilities curve above. a. why is the curve bowed outward, or concave from the origin? explain. b. what must be true if the production possibilities curve was straight instead of bowed outward? 2. assume production is currently at point d. a. what must be true of the economy at point d? b. what would be the cost in terms of consumption if there was an increase in the production of capital goods? 3. is it possible for the economy to produce at point e in the short run? explain. 4. now assume the current level of production is at point b on the production possibilities curve above. ap microeconomics unit 1 - production possibilities frontier frq #2 a. which point on the curve would the economy move if it prioritized future economic growth as an economic goal? explain. b. given your answer in part 4a above, draw another production possibilities curve and illustrate what would happen in the long run.

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?