Draw the PPC for daily output of the developing economy. Give numerical values for the PPC's vertical...?

If this country produces only TVs, then it can produce 1,000,000/1,000=1,000 TVs per day. If the country produces only corn, then it can produce 1,000,000/10=100,000 bushels per day. Hence, the intercept on the axis that measures TVs per day is 1,000 and the intercept on the axis that measures corn production is 100,000. The straight line that connects these two intercepts is the PPC. Depnding on which axis is the vretical axis, the slope of the PPF is either -1,000/100,000=-.01 or -100,000/1,000=-100. In the first case the slope shows that the opportunity cost of producing a bushel of corn is 1/100th of a TV. In the second case, though equivalently, the slope shows that the opportuinty cost of producing a TV is 100 bushels of corn.