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The ________ production points on a production possibilities frontier are the points on and inside the production possibilities frontier. attainable unattainable productively efficient allocatively efficient

Please fill in the blanks AND graph the new production line thank you

Which point(s) are efficient? Briefly explain why. B Points A, B, C, and D because they are attainable. Points B, C, and D because this is where maximum output is produced with available resources. Point A because it is inside the production possibilities frontier. Point E because it is where the most capital and consumption goods combined are produced. A D Point B because it is where the most resources are used to produce capital goods. Which point(s) are inefficient? Briefly explain why. PPF O A. Points B, C, and D because they are on the production possibilities frontier. O B. Points B, C, D, and E because they are unattainable. Consumption goods O C. Points A, B, C, and D because they are attainable. O D. Point E because it is unattainable. OE. Point A because production there is not using all available resources. At which point is the country's future growth rate likely to be the highest? Briefly explain why. O A. Point E because it is where the production possibilities frontier…

Using your own words, describe the law of increasing opportunity costs.  Be sure to explain why this phenomenon occurs and how it helps to contribute to the shape of the production possibilities frontier.

production possibility curve shows the possible combination of two goods with utilization of resources do you agree?

#18 Which point represents a production possibility that is most efficient? * A, because iPod Touches are cheaper to produce than iPhones. F, because iPhones are more expensive for consumers to buy. D, because there are an equal amount of iPod Touches and iPhones available to consumers. Any point on the curve, because all available resources are used fully. Which point represents a production possibility that is possible but inefficient? A E * 1 pc

1.1 Compare and contrast the terms Production Economics and Agricultural Production Economics and further describe economic theories that apply to Production Economics.

Graphically show the production possibilities frontier for the nation of Stromboli, using the data given in the following table. Does the principle of increasing cost hold in Stromboli? Stromboli’s 2019 Production Possibilities Pizzas per Year                                                 Pizza Ovens per Year 75,000,000                                                                   0 60,000,000                                                                   6,000 45,000,000                                                                   11,000 30,000,000                                                                   15,000 15,000,000                                                                   18,000      0                                                                              20,000

The following table shows how much wine and cloth can be produced in Canada and in Portugal with the same amount of resource input. ( Ensure you put only the numbers, not the words 'cloth' and 'wine' when entering your answer) Wine Cloth (barrels) (meters) Canada 10 35 Portugal 50 116.5 1. The opportunity cost of 1 barrel of wine in Canada is? Number 2. The opportunity cost of 1 barrel of wine in Portugal is? Number 3. Portugal will export wine to Canada, if 1 barrel of wine can be traded for more than how many meter(s) of cloth? Number 4. Canada will import wine from Portugal provided that 1 meter of cloth trades for more than how many barrel(s) of wine? Number 5. If the international rate of exchange is 1 wine = 2.8 cloth can the two countries trade with each other? (Enter 1 or 2: 1 = yes or 2 = no) Number

Suppose the United States produces only two goods: alfalfa and computers. The following graph shows the United States’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, attainable, or unattainable. Check all that apply. (refer to screenshot for table and graph)

Q1:  The following schedule shows the combination of the total production of Aerospace production (Rockets) and agricultural production (Rice) in a specific country, assuming full use of economic resources:   Possibility Rockets Production (X Axis) Rice Production (Y Axis) A 14 0 B 12 3 C 9 6 D 5 9 E 0 12   Answer the following questions: Which points on the graph are attainable and efficient? (Why) What is the opportunity cost of moving from point B to C?             (the opportunity cost of …………………… is …………………)       3. If the country had a loan from the world-bank and directed the loan to increase the agricultural production, show graphically how the PPF           will change?

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A ng.cengage.com + Welcome to Johnston Community College Bb Support Materials and Text Chapters Two and Three - .. * MindTap - Cengage Learning >> CENGAGE MINDTAP Q Search this course Homework (Ch 02) 4. Shifts in production possibilities Suppose Japan produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for wheat, an agricultural good, and cars, a capital good. A-Z Drag the production possibilities frontier (PPF) on the graph to show the effects of a technological advance in medicine that allows workers to live longer and have extended careers. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. (?) 360 300 PPF 240 180 At 120 60 PPF 10 20 30 40 50 60 WHEAT (Millions of bushels) O 9 2 9 O E…

Explain what is meant by the following statement, "an increase in productivity with respect to any one good increases our options for producing and consuming all other goods."

Using the concept of production possibility curve, explain how it can be used to  show the relationship between scarcity, choice, opportunity cost and efficiency .