The ________ production points on a production possibility curve are the points along and inside the...
The ________ production points on a production possibility curve are the points along and inside the production possibility frontier.
A) attainable
B) unattainable
C) productively efficient
D) allocatively efficient
Homework Answers
the attainable production points on a production possibility curve are the points along and inside the production possibilty frontier. a production possibility frontier is the combination of two commodities that can be produced with the utilisation of given resources. the points on the production possibility frontier shows the resources are fully and efficiently utilized and the points within it shows they are under utilized.
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The ________ production points on a production
possibility curve are the points along and inside the...
6. A point that is located inside the production possibility curve is: Efficient b. Unattainable Equally...
6. A point that is located inside the production possibility curve is: Efficient b. Unattainable Equally efficient as all other points d. inefficient C
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both...
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both attainable and unattainable. unattainable.
efficiency in the production possibilities model suppose the Netherlands produces only two goods: alfalfa & computers....
efficiency in the production possibilities model suppose the
Netherlands produces only two goods: alfalfa & computers. The
following graph shows the Netherlands current production
possibilities frontier, along with 6 output combinations
represented by black points labeled A to F.
Complete the following table by indicating whether each point
represents output combinations that are inefficient, efficient,
attainable, or unattainable. Check all that apply
Attempts: Score: /1 3. Efficiency in the production possibilitles model Suppose the Netherlands produces only two goods: alfalfa...
Suppose the United States produces only two goods: wheat and computers. The following graph shows the...
Suppose the United States produces only two goods: wheat and
computers. The following graph shows the United States’s current
production possibilities frontier (also known as the production
possibilities curve), along with six output combinations
represented by black points (+ symbols) labeled A to F.
100 T PPF ー 60 0. 40 20 0 20 40 60 80 100 WHEAT (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are productive inefficient, productive efficient,...
17. Match the statement affecting the production possibility curve with its graphical representation: New technology affecting...
17. Match the statement affecting the production possibility curve with its graphical representation: New technology affecting both industries A. inward shift of the curve B. a movement along the curve C. outward shift of the curve D. A rotation of the curve E. Point outside the curve F. point inside the curve 18. Match the statement affecting the production possibility curve with its graphical representation: An increase in consumer spending on one good but no change in consumer's income A....
on a production possibilities curve, an inefficient point is: On a graph of a production possibilities...
on a production possibilities curve, an inefficient point
is:
On a graph of a production possibilities curve, an inefficient point is: not necessarily an attainable point. necessarily an unattainable point. possibly an unattainable point
Evaluate whether the statement is true or false. Explain why. a. Every point on production possibility...
Evaluate whether the statement is true or false. Explain why. a. Every point on production possibility frontier (PPF) is Pareto efficient. b. Every Pareto efficient allocation is represented as a point on a utility possibility frontier (UPF). c. If outcome is chosen by Rawlsian social welfare function, sum of utilities will be maximized. d. In pure exchange, the outcome where one consumer has everything is not Pareto efficient.
Why is the production possibility frontier (curve) concave in shape (bows outward)?
Why is the production possibility frontier (curve) concave in shape (bows outward)?
RPCC Canvas 1. Help for Access College-Forbidd...College-Forbidd.. Link to Course i College-Quiz 1s 1 point Bread...
RPCC Canvas 1. Help for Access College-Forbidd...College-Forbidd.. Link to Course i College-Quiz 1s 1 point Bread Figure 1 Refer to Figure 1. Along the production possibilities frontier, which point is unattainable? O A. Point F O B. Point C OC. Point bE O D. All points on the production possibilities frontier are attainable
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The...
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
6. A point that is located inside the production possibility curve is: Efficient b. Unattainable Equally efficient as all other points d. inefficient C
Question 3 Points inside the Production Possibilities Frontier are attainable O associated with some unemployment. both attainable and unattainable. unattainable.
efficiency in the production possibilities model suppose the
Netherlands produces only two goods: alfalfa & computers. The
following graph shows the Netherlands current production
possibilities frontier, along with 6 output combinations
represented by black points labeled A to F.
Complete the following table by indicating whether each point
represents output combinations that are inefficient, efficient,
attainable, or unattainable. Check all that apply
Attempts: Score: /1 3. Efficiency in the production possibilitles model Suppose the Netherlands produces only two goods: alfalfa...
Suppose the United States produces only two goods: wheat and
computers. The following graph shows the United States’s current
production possibilities frontier (also known as the production
possibilities curve), along with six output combinations
represented by black points (+ symbols) labeled A to F.
100 T PPF ー 60 0. 40 20 0 20 40 60 80 100 WHEAT (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are productive inefficient, productive efficient,...
on a production possibilities curve, an inefficient point
is:
On a graph of a production possibilities curve, an inefficient point is: not necessarily an attainable point. necessarily an unattainable point. possibly an unattainable point
RPCC Canvas 1. Help for Access College-Forbidd...College-Forbidd.. Link to Course i College-Quiz 1s 1 point Bread Figure 1 Refer to Figure 1. Along the production possibilities frontier, which point is unattainable? O A. Point F O B. Point C OC. Point bE O D. All points on the production possibilities frontier are attainable
If an economy is operating inside its production possibilities frontier: A) it is producing efficiently. The economy cannot produce more of one good without simultaneously reducing the output of another good. B) is producing inefficiently. If production was arranged more efficiently the economy can produce more on one good without sacrificing any production of another good. C) it is producing at an unattainable point. You cannot be inside the Production Possibilities Frontier. D) then opportunity cost approaches infinity. No economy...
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