Homework Answers
Answer 1 .
B) ) Resources are either unused or misallocated or both.
The curve shifts inward when resources are not utilized properly and efficiently .Therefore other options are not correct .
Answer 2 )
B) It is a point of production efficiency.
B is the optimum point where firm will desire to produce . It is the point where resources are used efficiently .
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Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production...
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza...
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2.
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2. For someone producing only wings, what is the change in opportunity cost compared with producing only pizza?
Opportunity cost is evident on the production possibilities frontier (PPF) graph as we move from one...
Opportunity cost is evident on the production possibilities frontier (PPF) graph as we move from one unattainable point to an efficient point on the frontier. as we move from an inefficient point to the origin. as we move from one point on the frontier to another point on the frontier. at any one single point on the graph. as we move from the origin to any inefficient point.
production efficiency in production possibilities frontier.
a) Explain the production efficiency in production possibilities frontier. b) Draw a graph that shows inefficient, efficient, and unattainable point on a production possibilities frontier.
Please answer both questions, with an explanation Suppose the given production possibilities frontier (PPF) graph shows...
Please answer both questions, with an explanation
Suppose the given production possibilities frontier (PPF) graph shows the fictitious country of Ruritania currently producing at the point labeled Start. If a decision is reached to provide more public goods, to which point will Ruritania move? O D O c O B Start С What is the opportunity cost of that decision? O There is no opportunity cost since the economy is still producing on the PPF. Public goods The private goods...
According to the graph of the production possibilities frontier, what is the opportunity cost of the...
According to the graph of the production possibilities frontier, what is the opportunity cost of the third widget? Consider the graph 10 O about 6 widgets O about 3 gizmos O about 7.5 widgets O about 0.5 gizmos 0 1 2 3. 4 5 6 7 8 9 10 Widgets What best explains the shape of the production possibility frontier in the graph? O This economy has the capacity to produce different combinations of widgets and gizmos O Some resources...
Below is the production possibilities table for the country of Lavaland. Number of pizza Choice Number...
Below is the production possibilities table for the country of Lavaland. Number of pizza Choice Number of tanks 15 14 12 12 3. When the Lavaland is currently at the point A on its PPF, how the production of tanks can be increased in a given time? a. The country can have both, more of thanks and more of pizza b. Production of thanks can be increased by decreasing the production of pizza. c. Production of thanks can be increased...
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of...
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of trains and planes: train-manufacturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions. Which point represents an output that was efficient before the shift but is inefficient afterward? point A point B point C point D point E Planes Trains
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products,...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubb productivity of all Rubberland's inputs increases. Please shift the PPF to show this change Assume that Rubberland does not make more rubber band...
production possibilities frontier
Using the production possibilities frontier below, complete the following questions. (a) Calculate the opportunity cost of point A move to point B. (2 marks) (b) Calculate the opportunity cost of point C move to point D. (2 marks) (c) Illustrate and explain what would happen to the production possibilities frontier if there were a technological breakthrough in producing tubas. ...
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2. For someone producing only wings, what is the change in opportunity cost compared with producing only pizza?
Please answer both questions, with an explanation
Suppose the given production possibilities frontier (PPF) graph shows the fictitious country of Ruritania currently producing at the point labeled Start. If a decision is reached to provide more public goods, to which point will Ruritania move? O D O c O B Start С What is the opportunity cost of that decision? O There is no opportunity cost since the economy is still producing on the PPF. Public goods The private goods...
According to the graph of the production possibilities frontier, what is the opportunity cost of the third widget? Consider the graph 10 O about 6 widgets O about 3 gizmos O about 7.5 widgets O about 0.5 gizmos 0 1 2 3. 4 5 6 7 8 9 10 Widgets What best explains the shape of the production possibility frontier in the graph? O This economy has the capacity to produce different combinations of widgets and gizmos O Some resources...
Below is the production possibilities table for the country of Lavaland. Number of pizza Choice Number of tanks 15 14 12 12 3. When the Lavaland is currently at the point A on its PPF, how the production of tanks can be increased in a given time? a. The country can have both, more of thanks and more of pizza b. Production of thanks can be increased by decreasing the production of pizza. c. Production of thanks can be increased...
The accompanying graph contains the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses, and on a given day can produce according to the PPF in the graph. Point A on the PPF represents the combination of the two goods Rubberland currently produces. When a new method of rubb productivity of all Rubberland's inputs increases. Please shift the PPF to show this change Assume that Rubberland does not make more rubber band...
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