Assume there are only two goods in the world: pizza and electric fans. Draw a production possibility frontier (PPF) illu...
Assume there are only two goods in the world: pizza and electric fans. Draw a production possibility frontier (PPF) illustrating the trade-off between the two (specific numbers are not needed – we are only looking for the basic shape of the PPF). On the same graph, draw new frontiers showing 1) what happens if a major plague reduced worldwide population significantly, and 2) if a machine is invented which doubles the number of fans that can be made in a day (but is irrelevant in the production of pizza).
Write in text not in a pic
Homework Answers
Assuming increasing opportunity cost, the following bowed-out PPF is drawn as PPF0.
(1) When plague reduces population, labor force available for both goods decreases, so PPF shifts inward to PPF1.
(2) The technology improvement in Fan industry will shift PPF0 outward only along the axis depicting Fans (Horizontal axis), to PPF2.
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Assume there are only two goods in the world: pizza and electric fans. Draw a production possibility frontier (PPF) illu...
assume there are only two goods in the world: pizza and electric fans. Draw(Electronically Not By...
assume there are only two goods in the world: pizza and electric fans. Draw(Electronically Not By Hand) a production possibility frontier (PPF) illustrating the trade-off between the two (specific numbers are not needed – we are only looking for the basic shape of the PPF). On the same graph, draw new frontiers showing 1) what happens if a major plague reduced worldwide population significantly, and 2) if a machine is invented which doubles the number of fans that can be...
plz help with this homework, plz don't copy answers that were answered before. Thank you and...
plz help with this homework, plz don't copy answers that were
answered before. Thank you and write in text and not image since
its hard to read from.
Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the...
bnt O Unit 1 AS F X https//hccc.instructure.com/courses/10760/assignments/98331?module item jid-213230 1 Smoothie...
bnt O Unit 1 AS F X https//hccc.instructure.com/courses/10760/assignments/98331?module item jid-213230 1 Smoothies Cell phones Online Martha 15 per day 3 per day or Online Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the following questions 1. Who has an absolute advantage in the production of smoothies? 2....
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza...
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
UI LUI. 3. In the ancient country of Roma, only two goods, spaghetti and meatballs, are...
UI LUI. 3. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Frivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti,...
# 2. In a given country, only two good on the production possibility frontier: s are...
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Draw in a paper a production possibility frontier with two products A and B showing increasing...
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I need help 8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I....
I
need help
8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I. Consider an economy that produces Military goods and Consumer goods, the PPF and the case that more recourses become available are given by the graph below. You are asked to identify how the followings affect the PPF. In order to get full mark, you have to figure out both the moving section (military goods section or consumer goods section) and the direction (outward or...
plz help with this homework, plz don't copy answers that were
answered before. Thank you and write in text and not image since
its hard to read from.
Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the...
bnt O Unit 1 AS F X https//hccc.instructure.com/courses/10760/assignments/98331?module item jid-213230 1 Smoothies Cell phones Online Martha 15 per day 3 per day or Online Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the following questions 1. Who has an absolute advantage in the production of smoothies? 2....
The figure above shows a production possibilities frontier (PPF) for a society that makes two goods-pizza and wings. For each point in the figure, select the correct button below to show whether the point represents an efficient use of resources, an inefficient use of resources, or is unattainable. Point A: Point B: Point C: Point D: Point F:
UI LUI. 3. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Frivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti,...
# 2. In a given country, only two good on the production possibility frontier: s are produced: potatoes or airplanes. Here are the points Maximum Annual Output Options Potatoes Airplanes 1,300 1,100 900 700 500 350 450 525 575 630 (i) Draw a production possibility frontier with the quantity of potatoes on the horizontal (Gi) What is the opportunity cost per unit of expending production from 450 airplanes to 525 (ii)at is the opportunity cost per unit of increasing the...
I
need help
8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I. Consider an economy that produces Military goods and Consumer goods, the PPF and the case that more recourses become available are given by the graph below. You are asked to identify how the followings affect the PPF. In order to get full mark, you have to figure out both the moving section (military goods section or consumer goods section) and the direction (outward or...
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