A coastal energy and maritime authority manages offshore lease areas to produce two outputs: wind-generated electrical energy (in GW) and commercial kelp harvest (in tonnes).
Draw a production possibility frontier (PPF) diagram showing the production of wind-generated electrical energy and commercial kelp harvest. On the same diagram, draw a new PPF to show the effect of a technological breakthrough in deep-water floating foundations that increases the potential production of wind-generated electrical energy, but causes no change in the potential production of commercial kelp harvest.
123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.