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. 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 240 180 120 60 PPF 10 20 30 40 50 60 WHEAT (Millions of bushels) (spuesnou

Q: 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

A: If it allocates all of its resources for butter 50000 butter would be produced.

Q: 5. Economic growth and PPCs PPC₁ shows the current production possibilities curve (PPC) for the…

A: Production possibility frontier is a curve is a curve that displays the assortment of items that can…

Q: Given that Sandy can produce 10 economics reports or 2 sales calls and Tim can produce 2 economics…

A: Given: Sandy can produce 10 economics reports or 2 sales calls Tim can produce 2 economics reports…

Q: Carefully explain the concept of the Production Possibilities Curve (Frontier). How does the…

A: An economy can produce a variety of combinations of products using the resources. In a two good…

Q: 2.        If Frank can produce either 20 pizzas or 40…

A: ANS Opportunity Cost (OC) is the cost of sacrificing the production of one commodity for producing…

Q: 4. Using the Production Possibilities Curve below answer questions a, b and c 50 48 40 Consumption…

A: With the same resource we can produce a lot of different goods. This is because the resources are…

Q: Question 1 What does the Production Possibilities Frontier of a firm show and how does it relate to…

A: Scarcity is a basic economic concept which states that the goods and services that are used to…

Q: Refer to the following production possibilities table for consumer goods (automobiles) and capital…

A: PPC is based on following assumptions: Technology and production techniques do not change Quantity…

Q: The following table shows a set of hypothetical production possibilities for a nation producing…

A: We will answer the first three subparts only. Please resubmit the question with any other parts…

Q: . Discuss the Sixth principle of economics by Mankiw and why it is important to economic activity.

A: The Sixth principle of Economics by Mankiw is as follows :  Markets are usually a good way to…

Q: Question No 2:  Below is a production possibilities table for consumer goods (automobiles) and…

A: The production chance frontier (PPF) could be a curve that depicts the most amounts of 2 things…

Q: 1a. Using the following combinations as Production Possibilities data for consumer goods and capital…

A: If it reallocates its resources i.e. moving round the PPF from A to D, it can produce more consumer…

Q: Question 14 Assume the economy of Scoob can produce 5 tons of rice and 15 tons of wheat while the…

A: Answering first 3 parts as per guidelines Opportunity Cost  can be defined as the cost of foregone…

Q: 1 Describe some of the trade offs faced by each of the following: a family deciding whether to buy a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 2. Explain how each of the following situations would affect a nation's production possibilities…

A: (Since you have a posted a question with multiple sub-parts, we will solve the first three sub-part…

Q: Question 8 The discovery of new natural resources will cause O the economy to move closer to the…

A: The production possibility fronties is a curve that represents the different amount of two goods…

Q: New cars to remain scarce well into next year as semiconductor shortage wears on.       Explain…

A: New cars to remain scarce well into next year as the semiconductor shortage wears on. The given…

Q: Referring to the table, suppose improvement occurs in the technology of producing forklifts but not…

A: As there was a technological improvement in the forklifts, the PPC of forklifts will shift to left

Q: uppose an economy produces two goods: food and machines. this economy always operates on its…

A: The "production possibility frontier" (PPF) depicts the various products and services that can be…

Q: The Production of an Economics Book Production Stage Sales Value Purchase of Timber $1.25…

A: The value-added method is used to calculate the gross domestic product. The gross domestic product…

Q: Economics HS Social Studies Unit 01 Lesson: 01 Interpreting a Production Possibilities Curve Curve 1…

A: Since you have asked a multiple-part question, we will solve the first three questions for you. If…

Q: More can be produced of both pizza and beer, without an increase in resources or improvement in…

A: A Production Possibility Frontier (PPF) is a curve which shows various combinations of the amounts…

Q: 2. The graph below is set of hypothetical production possibilities for a nation. Consumption goods 7…

A: Production possibility curve shows the combination of production of two different goods by the using…

Q: Table Zoom A country has the following production possibilities table: Resources devoted Output of…

A: Increasing marginal opportunity cost implies that the rate of substitution of clothing for food is…

Q: 3. If the economy characterized by this production possibilities table and curve were producing 3…

A: The question talks about PPC which is such a curve that represent possible combination of two goods…

Q: 1. Upon what specific assumptions is the below production possibilities curve based? (It may help to…

A: Production Possibility Curve or PPC is the locus of the combination of two goods that can be…

Q: Suppose you have $1000 to spend on shirts and sweaters. The price of a shirt is $10, and the price…

A: Opportunity cost is the estimation of what you lose while picking between at least two alternatives.…

Q: 1. Define both of the following terminology, and then discuss the economic relationship between the…

A: The both of the above mentioned can be explained as the follows :

Q: 3. Suppose that there are 10 million workers in Canada and that each of these workers can produce…

A: Opportunity Cost is defined as the benefit that is forgone or the benefit that could have been…

Q: 6. (Production Possibilities) Suppose an economy uses two resources (labor and capital) to produce…

A: The fall in the supply of capital = 10% The increase in labor supply = 10%

Q: 8. Shifts in production possibilities Suppose the United States produces two types of goods:…

A: Production Possibility Frontier (PPF) refers to graphical representation of possible combinations of…

Q: 15 PP PP PP Consumer Goods Refer to the diagram. An improvement in technology will: A. shift the…

A: A PPC (Production Possibility Curve) is a graphical representation of various combinations of output…

Q: Explain how each of the following situations would affect a nation's production possibilities curve.…

A: Hi, Thank you for your question. As per our policy we can answer only the first 3 subparts. Kindly…

Q: 12. Suppose that, on the basis of a nation’s production possibilities curve, an economy must…

A: Production possibility curve:The production possibility curve is the curve which shows all the…

Q: Guns 5,900 5,500 4,800 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

A: Answer is B) 20000.

Q: 4,800 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

A: Opportunity cost=sacrifice/gain 3600-1900/10000=1700/10000

Q: producing a units of services and b units of goods. After technological development raises the…

A: With technological advancements, the production of both goods A and B moves to E1, which shows…