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17 s) 2 0 9876543210 (suoyo s puesnow) jaag

Using your answers in the preceding parts, you can see that the opportunity cost of 1,000 additional automobiles between points A and B is greater than the opportunity cost of 1,000 additional automobiles between points D and E. This reflects the On the previous graph, use the grey point (star symbol) to plot point F where the nation is producing 2,000 tons of beef and 2,000 automobiles. Then use the black point (cross symbol) to plot point G where the nation is producing 6,000 tons of beef and 6,000 automobiles. Point F illustrates an inefficient output level because the nation is producing at some point along the PPC. Point G illustrates an unattainable output level because it is capabilities of societys wants if it were the nations present production ,as it could satisfy Does this production possibilities curve reflect the law of increasing opportunity costs? O Yes, because the opportunity cost of automobiles decreases as production of beef expands. No, because the opportunity cost of automobiles decreases as production of beef expands. No, because the opportunity cost of automobiles increases as production of beef expands. O Yes, because the opportunity cost of automobiles increases as production of one output expands. What assumptions could be changed to shift the production possibilities curve? Check all that apply. O The feasibility assumption O The fixed resources assumption O The unchanged technology assumption O The fully employed resources assumption

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Answer #1

Ans. I'll be unable to answer the fill ups as options are not mentioned , let's see the MCQs

1) Yes , because the opportunity cost of automobile decrease as production of beef expands.

2) The fixed resource assumption and The Unchanged Technology Assumption.

Best of Luck !! !!

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