Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Question

Question

Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

5. Opportunity cost and production possibilities

Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.

On the following graph, use the blue points (circle symbol) to plot Ginny's initial production possibilities frontier (PPF).

business economics

Add a comment Improve this question Transcribed image text

Answer 1

✔ Recommended Answer

Answer #1

Add a comment

Answer 2

Similar Homework Help Questions

Poornima is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Poornima is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. On the following graph, use the blue points (circle symbol) to plot Poornima's initial production possibilities frontier (PPF). Suppose Poornima is currently using combination D, producing one train per day. Her opportunity cost of producing a second train per day is _______ per...
Kevin is a skilled toy maker who is able to produce both boats and kites. He has 8 hours a day to produce toys.

5. Opportunity cost and production possibilities Kevin is a skilled toy maker who is able to produce both boats and kites. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. On the following graph, use the blue points (circle symbol) to plot Kevin's initial production possibilities frontier (PPF).
Latasha is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys.

4. Opportunity cost and production possibilities Latasha is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.On the following graph, use the blue points (circle symbol to plot Latasha's initial production possibilities frontier (PPF) Suppose Latasha is currently using combination D, producing one train per day. Her opportunity cost of producing a second train...

Amy is a skilled toy maker who is able to produce both trains and puzzles. She has 8 hours a day to produce toys.

4. Opportunity cost and production possibilities Amy is a skilled toy maker who is able to produce both trains and puzzles. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.On the following graph, use the blue points (circle symbol) to plot Amy's initial production possibilities frontier (PPF). Suppose Amy is currently using combination D, producing one train per day. Her opportunity cost of producing a second train...
Gilberto is a skilled toy maker who is able to produce both trains and kites. He has 8 hours a day to produce toys.

Opportunity cost and production possibilities Gilberto is a skilled toy maker who is able to produce both trains and kites. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Hours ProducingProducedChoice(Trains)(Kites)(Trains)(Kites)A8040B62310C44216D26119E08020On the following graph, use the blue points (circle symbol) to plot Gilberto's initial production possibilities frontier (PPF). Suppose Gilberto is currently using combination D, producing one train per day. His opportunity cost of producing a second train...
Poornima is a skilled toy maker who is able to produce both trains and kites. She...

Poornima is a skilled toy maker who is able to produce both trains and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trains) (Kites) (Trains) (Kites) 13 16 17 On the following graph, use the blue points (circle symbol) to plot Poornima s initial production possibilities frontier PPF . 30 Initial PPF New PPF Suppose Poornima is currently using...

Carlos is a skilled toy maker who is able to produce both trains and puzzles.

Carlos is a skilled toy maker who is able to produce both trains and puzzles. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. On the following graph, use the blue points (circle symbol) to plot Carlos's initial production possibilities frontier (PPF). Suppose Carlos is currently using combination D, producing one train per day. His opportunity cost of producing a second train per day is _______ per...
Becky is a skilled toy maker who is able to produce both cars and kites. She has 8 hours a day to produce toys.

11. Opportunity cost and production possibilities Becky is a skilled toy maker who is able to produce both cars and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. On the following graph, use the blue points (circle symbol) to plot Becky's initial production possibilities frontier (PPF). Suppose Becky is currently using combination D, producing one car per day. Her opportunity cost of producing a second car...
Lucia is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys.

Lucia is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. On the following graph, use the blue points (circle symbol) to plot Lucia's initial production possibilities frontier (PPF). Suppose Lucia is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is _______ per...

Bob is a skilled toy maker who is able to produce both cars and balls. He...

Bob is a skilled toy maker who is able to produce both cars and balls. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Suppose Bob is currently using combination D, producing one car per day. His opportunity cost of producing a second car per day is _____ per day A. C1 ball B. 3 balls C. 16 balls D. 19 balls Now, suppose Bob...

Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Homework Answers

Add Answer to:
Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Post as a guest

Earn Coins

Poornima is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Kevin is a skilled toy maker who is able to produce both boats and kites. He has 8 hours a day to produce toys.

Latasha is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys.

Amy is a skilled toy maker who is able to produce both trains and puzzles. She has 8 hours a day to produce toys.

Gilberto is a skilled toy maker who is able to produce both trains and kites. He has 8 hours a day to produce toys.

Poornima is a skilled toy maker who is able to produce both trains and kites. She...

Carlos is a skilled toy maker who is able to produce both trains and puzzles.

Becky is a skilled toy maker who is able to produce both cars and kites. She has 8 hours a day to produce toys.

Lucia is a skilled toy maker who is able to produce both trucks and kites. She has 8 hours a day to produce toys.

Bob is a skilled toy maker who is able to produce both cars and balls. He...

Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Homework Answers

Add Answer to: Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.

Post as a guest

Earn Coins

Add Answer to:
Ginny is a skilled toy maker who is able to produce both trains and balls. She has 8 hours a day to produce toys.