Initial PPF |
New PPF |
|||
Choice |
Cars |
Puzzles |
Cars |
Puzzles |
A |
8 |
0 |
4 |
0 |
B |
6 |
2 |
3 |
11 |
C |
4 |
4 |
2 |
16 |
D |
2 |
6 |
1 |
19 |
E |
0 |
8 |
0 |
20 |
Homework (Ch 02) Beth is a skilled toy maker who is able to produce both cars...
Homework (Ch 02) Beth is a skilled toy maker who is able to produce both cars and puzzles. She has 8 hours a day to produce toys. The following table output resulting from various possible combinations of her time. shows the daily Hours Producing Produced Choice (Cars) (Puzzles) (Cars) (Puzzles) 0. 16 19 20 On the following graph, use the blue points (circle symbol) to plot Beth's initial production possibilities frontier (PPF) Initial PPF New PPF 15 10 CARS Indal...
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...
Musashi is a skilled toy maker who is able to produce both cars and drums. 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 Producing Produced Choice (Cars) (Drums) (Cars) (Drums) A 8 0 4 0 B6238. c44214 D2616 E 08 017 On the following graph, use the blue points (circle symbol) to plot Musashi's initial production possibilities frontier (PPF). 21:26 Initial PPF New...
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...
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).
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).
5. Opportunity cost and production possibilities Darnell is a skilled toy maker who is able to produce both trucks 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. Hours Producing Produced (Trucks) (Balls)' (Trucks) (Balls) Choice ON ON On the following graph, use the blue points (circle symbol) to plot Darnell's initial production possibilities frontier (PPF). Homework (Ch 02) On the following graph,...
5. Opportunity cost and production possibilities Shen is a skilled toy maker who is able to produce both boats 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. Choice Hours Producing (Boats) (Puzzles) Produced (Boats) (Puzzles) On the following graph, use the blue points (circle symbol) to plot Shen's initial production possibilities frontier (PPF). Suppose Shen is currently using combination D, producing one...
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...
Juanita is a skilled toy maker who is able to produce both cars 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. 5. Opportunity cost and production possibilities Juanita is a skilled toy maker who is able to produce both cars and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of...