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A Small Country Produces Only Two Goods,CDs and T-Shirts

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A small country produces only two goods,CDs and T-shirts.Given its limited resources,this country has the following production possibilities: A small country produces only two goods,CDs and T-shirts.Given its limited resources,this country has the following production possibilities:     (A)Draw the production possibilities curve. (B)Suppose this country improves its technology for producing CDs,but technology remains the same for the production of T-shirts.What happens to the production possibility curve? How does this change affect the opportunity cost of increasing T-shirt production?
(A)Draw the production possibilities curve.
(B)Suppose this country improves its technology for producing CDs,but technology remains the same for the production of T-shirts.What happens to the production possibility curve? How does this change affect the opportunity cost of increasing T-shirt production?

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(A) blured image (B)
The production possibilities cu...

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