Microeconomics - ks) 3. A nation with fixed quantities of resources is able to produce any of the?

... following combinations
of carpet and carpet looms:
Yards of carpet Carpet looms
(Millions) (Thousands)
_____________________________________________
0 45
12 42
24 36
36 27
48 15
60 0
These figures assume that a certain number of previously produced looms are available in the
current period for producing carpet.
a. Using the data in the table above construct a ppf (with carpet on the vertical axis).
b. Does the principle of “increasing opportunity cost” hold in this nation? Explain briefly.
(Hint: What happen to the opportunity cost of carpet measured in number of looms as
carpet production increases?)