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A: Answer - Opportunity cost :- It is the cost that an individual need to pay to choose one option…
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A: The opportunity cost = What is sacrificed / What is gained
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A: d) 3/4kg of meat
Q: Using the table, draw the Production Possibility Frontier for Happyland.
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A: OPTION B A statement that makes a value judgement is called a normative statement. The statement…
Q: MIKE & DEBBY Mike Debby Vacuum room 60 minutes 45 minutes Wash Dishes 30 minutes 45 minutes 1. What…
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A: Since you posted multiple parts, we will provide the answer of first three subparts. If you want any…
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Q: The opportunity cost of making pies is 1/2 for Josh, 1 for Ben, and 2 for John. Their joint…
A: The Production Possibilities Frontier (PPF)/ creation plausibility boondocks is a diagram that shows…
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A: Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…
Q: Suppose you have midterms in economics and astronomy tomorrow, and you only have four hours left to…
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A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…
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A: Opportunity cost refers to the next best alternative forgone.
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: Production Alternative Types of Production А В C D E Robots 250 450 650 850 Wheat 130 117 109 89…
A: Scarcity refers to the basic economic problem where the resources to produce the goods are limited…
Q: What's does a production possibility frontier illustrates?
A: The production possibilities frontier(PPF) displays the productive capacity of a nation. A…
Q: How does "Coconut Coir" production help our society's economy
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Q: Which of the following represents the opportunity cost of X in terms of Y? a. Px/Py = MPLx/MPLY b.…
A: The opportunity cost of X in terms of Y is the amount of Y that needs to be sacrifice in order to…
Q: 2. Here is the production possibilities table for robots and wheat: Production Alternative Types of…
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Q: Ann and Bob are working on the kitchen. They can either bake cakes x or cook soups y or do some…
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Q: A shift outward of the production possibilities frontier line indicates what?
A: A shift outward production possibility Frontier is a positive thing for an economy.
Q: Here is the production possibilities table for war goods and civilian goods: Production Alternative…
A: Production possibility for war goods and civilian goods: A production possibility curve (PPC) shows…
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Q: Britain must give up the production of 75 hats to produce 25 additional sweaters. The opportunity…
A: In economics, opportunity cost provides significant information as it provides an overview of an…
0/150
20/120
40/60
if dave produces 0 lbs of green beans, the
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- Britain must give up the production of 75 hats to produce 25 additional sweaters. The opportunity cost of producing 4 sweaters is _____ hats. Select one: a. 4 b. 12 c. 71 d. 79Corn (lb) Scarves(#)U.S. 20 10Mexico 25 5 What is the opportunity cost of one scarf in Mexico? a. 3 lbs of corn b. 1/3 lb of corn c. 2 lbs of corn d. 5 lbs of corn PreviousNextThis is the second time asking this because last person did not answer the first ten and last ten missiles part right. That is all I need no need Calculate the opportunity cost of producing the first 10 and the last 10 missiles. Discuss if the frontier exhibits increasing opportunity costs. Missiles vs. Milk (millions of gallons) 0 4010 3020 2030 1040 0
- A shift outward of the production possibilities frontier line indicates what?Calculate the opportunity cost of producing the first 10 and the last 10 missiles. Discuss if the frontier exhibits increasing opportunity costs. Missiles vs. Milk (millions of gallons) 0 4010 3520 2730 1740 4Suppose you have midterms in economics and astronomy tomorrow, and you only have four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and your expected exam scores. Hours spent studying economics Economics exam score Hours spent studying astronomy Astronomy exam score 0 60 0 70 1 80 1 83 2 90 2 87 3 95 3 90 4 98 4 92 a. Draw a production possibilities frontier to illustrate your study options. What is the opportunity cost, in terms of your grades, of studying one extra hour for economics or one extra hour for astronomy? b. If your goal is to maximize your combined exam scores, how many hours should you spend studying each subject? c. Your laptop dies and refuses to start up. All your notes and class materials are saved on its hard drive. How do your production possibilities change? Illustrate in your graph from part (a).
- Sketch a plausible production possibility frontier that shows in general various combinations of wheat and potatoes a farmer can produce with the fixed amount of resources available to him? Label your diagram well for example your axesbut you dont have to use any specifc numberOne of these four answers represents a country or a group of countries that is or are the least prepared to damage the quality of their environment for some additional economic production. Which one? Group of answer choices the European Union Ohio command economies ChinaThe opportunity cost of moving from point H to point G in the above picture is (specify amount and good, ie: 5009 guns)
- Combination Cinnamon metric tons (X axis) Nutmeg metric tons (Y axis) A 7,000 0 B 6,000 7,000 C 4,500 11,000 D 2,500 14,000 E 0 16,000 What is the opportunity cost (amount & item) of the first 7,000 tons of nutmeg produced? ______________________ What is the opportunity cost (amount & item) of increasing production from 7,000 tons of nutmeg to 11,000 tons of nutmeg ? ________________ What is the opportunity cost (amount & item )of increasing production from 11,000 tons of nutmeg to 14,000 tons of nutmeg ? _____________ What is the opportunity cost (amount & item) of increasing production from 14,000 tons of nutmeg to 16,000 tons of nutmeg ? ________________ What is happening to the opportunity cost as Copperton produces more nutmeg? ____________________________________How can government involvement in an economy help or hinder the expansion of the production possibility frontier?What is the opportunity cost (amount & item) of increasing production from 6,000 tons of cinnamon to 7,000 tons of cinnamon ? _________________
