The above graph represents the production possibility frontier of Brazil. The x-axis in the graph represents the units of clothes that can be produced in Brazil in a year. The y-axis on the other hand shows the cans of soda that can be produced in the same year. The graph is projected based on the provide point where Brazil produces 100000 units of clothes in a year and at the same time produces 50,000 soda cans. For Brazil to produce more units of clothes, it has to give up the production of soda. This is why when Brazil Continue reading...