Economics Question

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Draw a production possibilities frontier showing increasing opportunity cost of muffins in terms of cookies. (Draw your PPF on a piece of paper, take a picture with your phone, and upload the picture)

On your graph, please label the following points.

A: A point that is possible and efficient

B: A point that is possible but inefficient

C: A point that is not currently possible

D: On the graph, illustrate the effect of the discovery of a new, more efficient machine for producing flour, a resource needed to make both muffins and cookies, on this economy.