Guatemala produces either 1000 pounds of coffee or 3000 pounds of sugar in a year. Then for every one pound of coffee produced, give up 3 pound of sugar, hence opportunity cost of producing coffee in terms of sugar is constant & hence PPC is a linear graph .
Now assume that only one thing has changed. Guatemala switches its production to new insect-resistant coffee plants. How would you show this on the PPC? That is, how is this new PPC different from your original one. (How would this current graph of the current PPC change to a different graph PPC. Please upload a graph.)
Homework Answers
When new insect resistant coffee plants will be used, then it will increase the productivity of the coffee and coffee production will increase. Though, it will not change the total output of sugar production. Hence, new PPC will be created that will move outward of the old PPC where sugar output will not change, but coffee output will increase from 1000 to 1200. So, opportunity cost of one unit of coffee will decrease from 3 unit of sugar of older PPC.
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Guatemala produces either 1000 pounds of coffee or 3000 pounds
of sugar in a year. Then...
Guatemala produces either 1000 pounds of coffee or 3000 pounds of sugar in a year. Then...
Guatemala produces either 1000 pounds of coffee or 3000 pounds
of sugar in a year. Then for every one pound of coffee produced,
give up 3 pound of sugar, hence opportunity cost of producing
coffee in terms of sugar is constant & hence PPC is a linear
graph .
Going back to the original PPC in the first question, there is
now a new change. New technology in the sugar refining sector has
allowed Guatemala to increase its annual production...
Guatemala produces either 1000 pounds of coffee or 3000 pounds of sugar in a year. Then...
Guatemala produces either 1000 pounds of coffee or 3000 pounds
of sugar in a year. Then for every one pound of coffee produced,
give up 3 pound of sugar, hence opportunity cost of producing
coffee in terms of sugar is constant & hence PPC is a linear
graph.
Going back to the original PPC in the first question, there is
now a new change. An influx of immigrants has allowed all sectors
of the economy to increase employment. How would...
Assume that Guatemala produces either 1000 pounds of coffee or 3000 pounds of sugar in a...
Assume that Guatemala produces either 1000 pounds of coffee or 3000 pounds of sugar in a year. Describe in words what the graph of the PPC would look like. (If you have the capability to upload a graph that you drew feel free to do so)
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Guatemala produces either 1000 pounds of coffee or 3000 pounds
of sugar in a year. Then for every one pound of coffee produced,
give up 3 pound of sugar, hence opportunity cost of producing
coffee in terms of sugar is constant & hence PPC is a linear
graph .
Going back to the original PPC in the first question, there is
now a new change. New technology in the sugar refining sector has
allowed Guatemala to increase its annual production...
Guatemala produces either 1000 pounds of coffee or 3000 pounds
of sugar in a year. Then for every one pound of coffee produced,
give up 3 pound of sugar, hence opportunity cost of producing
coffee in terms of sugar is constant & hence PPC is a linear
graph.
Going back to the original PPC in the first question, there is
now a new change. An influx of immigrants has allowed all sectors
of the economy to increase employment. How would...
do SWOT analysis.
CASE 01 Mystic Monk Coffee connect . David L. Turnipseed University of South Alabama . wishing to donate to the monks' cause. Father Prior Daniel Mary did not have a great deal of experience in business matters but considered to what extent the monastery could rely on its Mystic Monk Coffee operations to fund the purchase of the ranch. If Mys- tic Monk Coffee was capable of making the vision a reality, what were the next steps...
How can we assess whether a project is a success or a
failure?
This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...
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