Construct a neat production possibilities model of civilian and military goods, and use it to explain...

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Economics

Construct a neat production possibilities model of civilian andmilitary goods, and use it to explain and illustrate the conceptsof scarcity, choice and opportunity cost.Â Â Note: You needto add the graph.
(b) Explain under what circumstances would a country operateinside its PPF

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Production possibility model is graphical representation ofdifferent combination of two goods that can be produced in theeconomyfirm assuming1Technology remains constant2Resources are limited3Resources are used to maximize capacityPPF PPC PP model for civilian and military goods The PPC for civilian and military goods and services shows thevarious combinations of these two types of output that the economycan produce using exactly all of the available resourcesThePPC is convex outward becausesome of the economys resources are better able to produce civiliangoodsthan military goods while other resources in theeconomy are better able to produce military goods and civiliangoods See Answer

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