Homework Answers
Answer is optionb) point E)
Bcoz each point on PPF is productively efficient, the point below PPF is inefficient , bcoz with the given resources, more of both goods can be produced,
The points outside PPF can't be achieved.
Thus out of given points, only point E lies on PPF
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Production Possibility Frontier-Country Z 9 A 15,7 6 10, 6 10,4 2 18, 2 20,0 10...
Consider the graph of the production possibility frontier for country Z below. A combination of clothing...
Consider the graph of the production possibility frontier for
country Z below. A combination of clothing and cell phones that
would meet the productive efficiency would be:
G
F
E
Production Possibility Frontier - Country Z 9 A 15,7 10,6 15,4 41 10,4 18, 2 漉 20,0 20 15 25 Clothing - Daily production
Question 14 1 pts Production Possibility Frontier-Country Z 9 A 15,7 6 10,6 15,4 10,4 10...
Question 14 1 pts Production Possibility Frontier-Country Z 9 A 15,7 6 10,6 15,4 10,4 10 15 20 25 Clothing-Daily production A combination of clothing and cell phones that would meet the allocative efficiency would be combination G because it represents the combination with the highest number of cell phones and clothing. combinations B or C because they represent a balanced quantity of cell phones and clothing. any combination on the production possibilities frontier that brings the highest level of...
Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10...
Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10 15 25 MP3 Players Daily production Consider the Production Possibility Frontier for country X producing 2 groups of goods, MP3 players and watches. The opportunity cost of moving from the combination of MP3 players and watches B to C is 2 watches. 4 watches. O 5 MP3 players
Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5...
Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5 10 15 25 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What would be a combination of watches and MP3 players that would meet the allocative efficiency of a country? O Any combination on the production possibilities frontier that brings the highest level of satisfaction to meet the needs of the people in the economy O Point...
Production Possibility Frontier - Country X A B 15,1 10,6 09 Watches daily production с 4...
Production Possibility Frontier - Country X A B 15,1 10,6 09 Watches daily production с 4 F 15,4 10,4 Nw D 18, 2 1 E 0 20,0 20 25 10 15 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What is a combination of MP3 players and watches that would be inefficient production for country X? ОА О Е OF Question 8 1 pts Market for Used Cars 9000 8000 7000 6000 5000...
This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture...
This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additional competitors what will likely happen to the supply of mattresses? O The quantity demanded will decrease for mattresses The quantity supplied will increase and cause a decrease in price of mattresses O The quantity supplied will decrease and cause an increase in price of mattresses Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20...
# 2. In a given country, only two good on the production possibility frontier: s are...
# 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...
According to the graph of the production possibilities frontier, what is the opportunity cost of the...
According to the graph of the production possibilities frontier, what is the opportunity cost of the third widget? Consider the graph 10 O about 6 widgets O about 3 gizmos O about 7.5 widgets O about 0.5 gizmos 0 1 2 3. 4 5 6 7 8 9 10 Widgets What best explains the shape of the production possibility frontier in the graph? O This economy has the capacity to produce different combinations of widgets and gizmos O Some resources...
The following graph shows the production possibilities frontier for the imaginary country of Contente under conditions...
The following graph shows the production possibilities frontier for the imaginary country of Contente under conditions of increasing costs. In the absence of trade, the relative cost of corn in Contente in terms of phones (or the marginal rate of transformation (MRT) of corn into phones) is shown by the slope of line t1, tangent to the production possibilities frontier at point A. 300 270 Consumption After Trade 240 210 180 В с CORN (Bushels) 150 120 90 60 30...
1.Say an economy is producing on its production possibilities frontier (PPF) with a combination of 0...
1.Say an economy is producing on its production possibilities frontier (PPF) with a combination of 0 units of clothing and 100 units of food. This combination is an example of Select one: Neither productive efficiency or allocative efficiency Productive efficiency but probably not allocative efficiency Allocative efficiency but probably not productive efficiency Both productive efficiency and allocative efficiency 2. Consider a perfectly competitive firm with an average total cost (ATC) of $26 and an average variable cost (AVC) of $18....
Consider the graph of the production possibility frontier for
country Z below. A combination of clothing and cell phones that
would meet the productive efficiency would be:
G
F
E
Production Possibility Frontier - Country Z 9 A 15,7 10,6 15,4 41 10,4 18, 2 漉 20,0 20 15 25 Clothing - Daily production
Question 14 1 pts Production Possibility Frontier-Country Z 9 A 15,7 6 10,6 15,4 10,4 10 15 20 25 Clothing-Daily production A combination of clothing and cell phones that would meet the allocative efficiency would be combination G because it represents the combination with the highest number of cell phones and clothing. combinations B or C because they represent a balanced quantity of cell phones and clothing. any combination on the production possibilities frontier that brings the highest level of...
Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10 15 25 MP3 Players Daily production Consider the Production Possibility Frontier for country X producing 2 groups of goods, MP3 players and watches. The opportunity cost of moving from the combination of MP3 players and watches B to C is 2 watches. 4 watches. O 5 MP3 players
Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5 10 15 25 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What would be a combination of watches and MP3 players that would meet the allocative efficiency of a country? O Any combination on the production possibilities frontier that brings the highest level of satisfaction to meet the needs of the people in the economy O Point...
Production Possibility Frontier - Country X A B 15,1 10,6 09 Watches daily production с 4 F 15,4 10,4 Nw D 18, 2 1 E 0 20,0 20 25 10 15 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What is a combination of MP3 players and watches that would be inefficient production for country X? ОА О Е OF Question 8 1 pts Market for Used Cars 9000 8000 7000 6000 5000...
This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additional competitors what will likely happen to the supply of mattresses? O The quantity demanded will decrease for mattresses The quantity supplied will increase and cause a decrease in price of mattresses O The quantity supplied will decrease and cause an increase in price of mattresses Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20...
# 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...
According to the graph of the production possibilities frontier, what is the opportunity cost of the third widget? Consider the graph 10 O about 6 widgets O about 3 gizmos O about 7.5 widgets O about 0.5 gizmos 0 1 2 3. 4 5 6 7 8 9 10 Widgets What best explains the shape of the production possibility frontier in the graph? O This economy has the capacity to produce different combinations of widgets and gizmos O Some resources...
The following graph shows the production possibilities frontier for the imaginary country of Contente under conditions of increasing costs. In the absence of trade, the relative cost of corn in Contente in terms of phones (or the marginal rate of transformation (MRT) of corn into phones) is shown by the slope of line t1, tangent to the production possibilities frontier at point A. 300 270 Consumption After Trade 240 210 180 В с CORN (Bushels) 150 120 90 60 30...
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