(Solved): Please help ! 1. Specialization and production possibilities Suppose Thailand produces only pressure ...

1. Specialization and production possibilities Suppose Thailand produces only pressure cookers and air fryers. The resources that are used in the production of these two goods are not seedalized - that is, the same set of resources is nqually effective at producing both air fryers and pressure cookers. The shape of Thallands production possibilities frontler (PpF) should refect the fact that as Thailand produces more air fryers and fewer presture cookers, the osportunity cost of producing each additional air fryer The fuliosing grapits shon two possible PPFs for Thailand s economyi a straight-line PPF \( \left(P P_{1}\right. \) ) and a bowed-out PPF (PFFz . The following graphs show two possible ppFs for Thailand's econorny: a straight-line ppF (PPF,) and a bowed-out pPF (PFF5). Based on the previous description, the trade-off Thailand faces between producing air fryers and pressure cookers is best represented by