Homework Answers
PPF shows combination of two goods which an economy can produce with its given resources. Points on the PPF line represents efficient use of resources, points below PPF shows inefficient use of resources and points beyond PPF shows that bundle is unattainable.
Point A: Efficient use of resources
Point B: Efficient use of resources
Point C: Efficient use of resources
Point D: Efficient use of resources
Point E: Unattainable
Point F: Inefficient use of resources
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The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza...
Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production...
Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production Possibilities Frontier (PPF) in Figure 1 on the next page. What is true about point A? (A) It is unattainable (B) Resources are being unused or misallocated (C) Capital exceeds labour in production (D) It is preferable to point B 2. Still referring to Figure 1, what is true about point B? (A) It represents diminishing and increasing opportunity cost (B) It is a...
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2.
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2. For someone producing only wings, what is the change in opportunity cost compared with producing only pizza?
3. Efficiency in the production possibilities model Suppose France produces only two goods: wheat and tablets....
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
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 France produces only two goods: alfalfa and tablets. The following graph shows France's current production possibilities frontier
Suppose France produces only two goods: alfalfa 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. Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply.
production possibilities frontier
Explain the production efficiency in production possibilities frontier. Illustrate a graph that shows inefficient, efficient, and unattainable point on a production possibilities frontier.
production efficiency in production possibilities frontier.
a) Explain the production efficiency in production possibilities frontier. b) Draw a graph that shows inefficient, efficient, and unattainable point on a production possibilities frontier.
Explain the production efficiency in production possibilities frontier.
Explain the production efficiency in production possibilities frontier. Draw a graph that shows inefficient, efficient, and unattainable point on a production possibilities frontier.
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of...
The figure depicts a shift in a society’s production possibilities frontier (PPF) for the manufacture of trains and planes: train-manufacturing capacity expands while plane-manufacturing capacity shrinks. Refer to this figure to answer the following questions. Which point represents an output that was efficient before the shift but is inefficient afterward? point A point B point C point D point E Planes Trains
Opportunity cost is evident on the production possibilities frontier (PPF) graph as we move from one...
Opportunity cost is evident on the production possibilities frontier (PPF) graph as we move from one unattainable point to an efficient point on the frontier. as we move from an inefficient point to the origin. as we move from one point on the frontier to another point on the frontier. at any one single point on the graph. as we move from the origin to any inefficient point.
Figure 1: PPF Production Possibilities Frontier 0 0 Pizza Multiple Choice 1. Refer to the Production Possibilities Frontier (PPF) in Figure 1 on the next page. What is true about point A? (A) It is unattainable (B) Resources are being unused or misallocated (C) Capital exceeds labour in production (D) It is preferable to point B 2. Still referring to Figure 1, what is true about point B? (A) It represents diminishing and increasing opportunity cost (B) It is a...
The figure shows an increase in resources that shifts the production possibilities frontier from PPF, to PPF2. For someone producing only wings, what is the change in opportunity cost compared with producing only pizza?
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
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...
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