The following illustrates what France and Germany can produc…

The following illustrates what France and Germany can produce in a day. These are the END POINTS of a PPF and show what they can do if only producing cheese or only producing wine. Of course, they could produce some of each. (NOTE: You might write it in table form like in our lecture problem with Rock and Racquel. It is the SAME TYPE of chart.)France: 40 cheese OR 80 wineGermany: 80 cheese OR 100 wine   When looking at France, we see that France can do 70% of what Germany can produce when focusing on wine.

The following represents the endpoints of a linear PPF for H…

The following represents the endpoints of a linear PPF for Honduras and El Salvador. The numbers represent what they can achieve in 1 day.Honduras: 30 t-shirts OR 50 plantsEl Salvador: 20-tshirts OR 25 plantsNOTE: YOU MIGHT CREATE A CHART LIKE WE DID IN OUR LECTURE.   Express the tradeoff from the previous 2 questions as an opportunity cost. Remember, what’s foregone is on the top and what’s gained is on the bottom. EXPRESS AS ____________ SHIRTS FOREGONE PER 1 PLANT GAINED.    (Hint: Remember, as you go from one economic pie to the other we gain plants but forego shirts.)