Question

Draw a country's production possibilities frontier Question Assume India has the production possibilities to produce either 20 bottles of milk using 50 worker hours or 25 cartons of eggs using 50 worker hours. If India decides to produce 15 bottles of milk, how many cartons of eggs can it produce? Place the moveable point at the coordinate that shows this production possibility. Make sure that the point's coordinates are exactly correct. Provide your answer below: Eggs (cartons) Production Possibility(15.1875) Milk (bottles) MORE INSTRUCTION FEEDBACK SUBMIT

Answer 1

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Ans 1 : The PPP can be represented using the of an equation of a line ing the Intercept form where, a= n-intercept of b= y-intercept! here, no No. of milk bottles produced No.of egg cartous foroduced The equation of the PPP is : Now, of stod a=15, then wring the above equation: Egglestons) - y = bodo ing the coordinate representin this production possibility üd (15,6c25), thoron in the diagram as point A. (15,6.25) e ppp (slope - 5 10 15 20 > Milk (bottles)

Ausa s using coordinates (0, $100,000) and (10000, 80), the slope for market demand curve for Housing is : no = Price quantity demander 2 0-100,000 lo A quantity demanded 10000-0 y-intercept is : $100,000 .. ting slope - intercept form, equation for mone demand curre is so - p = mas + lo TP- Price J mp 2 slope of demand curve ap - Quantity demanded 7 bo ² y-interwept of demand curve 8. o po -lop + lod, ob =) Qp = lodoo - Demand curve ist 20 (P) a loooo-top و بلعهاشمی Slope for market supply curve 2 ms 2 - Price Quanlity supplied JODOUD – 500bd 10000 - 0

y-intercept s 50000 8. Equation for market supply curve is : P2 My Q + be CP= Price I my slope of supply curve & Qe2 Quantity supplied bez y-intercept of supply curie pa 59s + Sodio > Qg? p - 10000 Market Supply cusne i 8 ) | Q(P), IP : 1000d 7 oo, 5 At equilòbsiem, co dal + alok Qe (892 Qolly locus 2 10000 - IP 10 → 28" 2 doood from Day * 2 20000 on og 3 - 0100 - p*z 6,666.67 P²6, 667 in the equilibrium price. price. I is the equilibrium

CLASSTIME Page No. Date Putting P 20000 in 2o (P) : 02 Qo(P) - 10000 - til 2000 so to coop) - * Q*. 10000 Q = 3333.33 c., Q*= 3333 is the equilibrium quantity. Aus 3 Demand curve i QDEM = -4P+400 Supply curve : Q5up ² Up-40 At equilibrium, ADEM ² Qsup -UP+400 = Up-40 - 8P = 440 - p*, 55) And, Q = -4(p%) +400 Sby putting P* in Quen} = Q = -4/55) + 400 Q* 180 Equilibrium Price is 55 and equilibrium quantity is 180 &