Please answer the following questions: Suppose that Leisureland produces only two goods-food and sunscreen. The table...
Please answer the following questions:
Suppose that Leisureland produces only two goods-food
and sunscreen. The table gives its production
possibilities.
Food (lbs/month)
Sunscreen
(lbs/month)
300 and 0
200 and 50
100 and 100
0 and 150
1)Draw a graph of Leisureland's production possibility frontier.
2)What are the opportunity costs of producing food and sunscreen in Leisureland? List them at each output given in the table.
3)Why are the opportunity costs the same at each output level?
Busyland also produces only food and sunscreen, and
its production possibilities are:
Food Sunscreen
(pounds per month) (gallons per month)
40 and 0
35 and 4
30 and 6
20 and 8
0 and 10
1)Draw a graph of Busyland's production possibility frontier.
2)What are the opportunity costs of producing food and
sunscreen in Busyland? List then at each output given in the
table.
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Please answer the following questions:
Suppose that Leisureland produces only two goods-food
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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,...
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...
A small country produces only milk and hats and its production
possibilities frontier is shown in the table above.
a. The nation is currently
producing at point B. What is the opportunity cost of
producing two additional gallons of milk? At point C? At
point D? What do your results show?
b. Suppose the nation is
initially producing 4 gallons of milk and 80 hats. What is the
opportunity cost of producing 2 additional gallons of milk? Explain
your answer....
3. Efficiency in the production possibilities model Suppose France produces only two goods: wheat and tablets. The following graph shows France's current production possibilities frontier, along with six output combinations represented by black points (plus symbols) labeled A to F 100 エ PPF 40 20 100 WHEAT (Millions of bushels) Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply Point Inefficient Efficient Unattainable
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