Homework Answers
A point that is located inside the production possibility curve is efficient.
In a production possibility curve it displays different mixture of two goods that can be produced within the given resources and technology. And at one point of curve we can see the effective or efficient utilisation of given resources and technology. And that particular point is called efficient.
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6. A point that is located inside the production possibility curve is: Efficient b. Unattainable Equally...
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
8. Any point inside the productions possibilites frontier is: Group of answer choices efficient inefficient. unattainable....
8. Any point inside the productions possibilites frontier is: Group of answer choices efficient inefficient. unattainable. all of the above. 9. Which of the following could be responsible for a shift in the production possibilities frontier? Group of answer choices An increase in quantity of resources. a change in household attitudes. an increase in consumption. Only answer choices (1) and (2) are correct.
A Unattainable level of production Efficient use of B inputs in production Quantity of pizzas produced...
A Unattainable level of production Efficient use of B inputs in production Quantity of pizzas produced cAttainable but inefficient use of inputs in production pPF Quantity of wings produced C (1 point) Part 2 Which of the following give the bowed-outward shape to the PPF? Choose one or more: A. the law of decreasing opportunity cost O O B. the law of increasing specialization OC. the concept of ceteris paribus OD. the law of increasing opportunity cost
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
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 5) Refer to Figure 2-1. Point B is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 6) Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current resources....
Unattainable level of production Quantity of pizzas produced Efficient use of inputs in production Attainable but...
Unattainable level of production Quantity of pizzas produced Efficient use of inputs in production Attainable but inefficient use of inputs in production Quantity of wings produced Which of the following give the bowed-outward shape to the PPF? Choose one or more: A. the law of increasing opportunity cost OB. the concept of ceteris paribus O C. the law of decreasing opportunity cost e D. the law of increasing specialization
Roadsters SUVs Refer to Figure 2-1. Point A is technically efficient. unattainable with current resources. inefficient...
Roadsters SUVs Refer to Figure 2-1. Point A is technically efficient. unattainable with current resources. inefficient in that not all resources are being used. the equilibrium output combination.
urgent please Production Possibilities Analysis The table below is a set of hypothetical production possibilities for...
urgent please
Production Possibilities Analysis The table below is a set of hypothetical production possibilities for a nation. . Automobiles Beef Combination (thousands) (thousands of tons) 10 4 0 9-4 10 a. Plot these production possibilities data. What is. the opportunity cost of the first 2,000 automobiles produced? Between which points is the oppor- tunity cost per thousand automobiles highest? Between which points is the opportunity cost per thousand tons of beef highest? b. Label a point P inside the...
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply.
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply.
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....
A Unattainable level of production Efficient use of B inputs in production Quantity of pizzas produced cAttainable but inefficient use of inputs in production pPF Quantity of wings produced C (1 point) Part 2 Which of the following give the bowed-outward shape to the PPF? Choose one or more: A. the law of decreasing opportunity cost O O B. the law of increasing specialization OC. the concept of ceteris paribus OD. the law of increasing opportunity cost
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
Unattainable level of production Quantity of pizzas produced Efficient use of inputs in production Attainable but inefficient use of inputs in production Quantity of wings produced Which of the following give the bowed-outward shape to the PPF? Choose one or more: A. the law of increasing opportunity cost OB. the concept of ceteris paribus O C. the law of decreasing opportunity cost e D. the law of increasing specialization
Roadsters SUVs Refer to Figure 2-1. Point A is technically efficient. unattainable with current resources. inefficient in that not all resources are being used. the equilibrium output combination.
urgent please
Production Possibilities Analysis The table below is a set of hypothetical production possibilities for a nation. . Automobiles Beef Combination (thousands) (thousands of tons) 10 4 0 9-4 10 a. Plot these production possibilities data. What is. the opportunity cost of the first 2,000 automobiles produced? Between which points is the oppor- tunity cost per thousand automobiles highest? Between which points is the opportunity cost per thousand tons of beef highest? b. Label a point P inside the...
Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply.
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