OPTION D IS CORRECT I GIVE UP 20 WASHER AND GAIN 20 DRYERS
EXPLANATION : AT point B economy can produce ( 70 WASHER , 40 DRYER )
If we move to point A economy can produce ( 50 WASHER , 60 DRYER ) SEE DIAGRAM.
Production of WASHER DECREASE ( 70 to 50 ) which means i give up 20 WASHER.
Production of DRYER INCREASE ( 40 to 60 ) which means gain 20 DRYERS .
QUESTION 1 Figure 2-5 100 90 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 80 washe Refer to Figure 2-5. It is possible for this economy to produce O a. 60 dryers and 50 washers. b. 60 dryers and 60 washers. c. 80 dryers and 50 washers. O d. All of the above.
Figure 2-3 100 90 С 80 70 А DRYERS 60 50 D B 40 30 20 10 10 20 30 40 50 60 70 80 90 100 WASHERS Refer to Figure 2-3. This economy cannot currently produce 70 washers and 70 dryers because ООО a. consumers don't want that many washers and dryers. b. it is not using all of its resources c. it is not using the most efficient production process. d. it does not have the resources and...
Question 4 Figure 2-16 120 110+ A 100 C 90 D 80 70 60 50 40 30 20 10 10 20 30 40 60 60 70 80 90 100 Widgets Refer to Figure 2-16. The opportunity cost of obtaining approximately 20 additional gadgets by moving from point B to point C is O 0 widgets. 10 widgets. 20 widgets none of the above; the economy cannot move from pointB to point C.
(Figure 13.4) A price taker will choose to employ workers. Wage 100 90 80 70 60 50 40 30 20 10 ME MRP 10 20 30 40 50 60 70 80 90 100 Quantity of labor 40 60 50 25
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