A switch to online delivery, increases access to education in the nation's colledges and universities, but might have a detrimental impact on the quality of education. What happens to the PPF curve? Also, from the list provided, please choose an explanation as to why you chose your previous answer. What happens to the PPF? Explain. Choose: PPF shifts outwards Produce inside PPF Produce outside PPF Increased production given resources Increase in resources PPF shifts inwards Unused Resources

Q: consider a production possibilities frontier that measures movies and other goods and services. how…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: What would it take for a point beyond the PPF to ultimately become attainable? Name an important…

A: When resources are limited, the production possibility frontier is a graph that depicts the various…

Q: When will be the PPC curve be a straight line?

A: #PPC refers to the production possibility curve which shows the combination of two goods being…

Q: Over the past ten years, the amount of land in Canada used to create canola oil has remained roughly…

A: Production possibility frontier (PPF) or curve refers to the combination of different production…

Q: Hubert and Kate are farmers, each one owns a 12 acre plot of land. The following table shows the…

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

Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: 4. What is the opportunity cost of television production if we moved from combination E to D?  5.…

A: The production possibility frontier would result in the production of maximum output which can be…

Q: Why does the shape of a PPC for individuals differ from that of the economy as a whole?

A: An economy consists of many people. To put it simply, we observe decreasing returns to scale in…

Q: Suppose Argentina produces only cars and trucks. The resources that are used in the production of…

A: In Argentina, resources are not specified for producing a car and trucks it means there is an equal…

Q: . On the Production Possibilities Curve (PPC), points located outside the curve are: a. Inefficient…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Assume an economy producing only two goods (shoes and computers) with a fixed amount of productive…

A:

Q: A point which lies under the PPF curve represents what kind of combination of goods?

A: #We know that the production possibility curve contains all the bundles or combination of goods…

Q: Using the graph of a production possibilities frontier (PPF) below, please answer the questions that…

A: The production possibility frontier (PPF) is a business analysis curve that represents the…

Q: D. Assume this economy experienced recession due to a pandemic that caused massive unemployment.…

A: Given, Combination G F E D C B A Potato  (in thousand MT) 105 99 90 75…

Q: Which of the following statements about the PPF is not correct? a. Points inside the PPF are…

A: The first statement given as points inside the PPF are unattainable is not correct.

Q: The following graph shows the production possibilities curve (also known as the production…

A: Production possibility curve is the curve which shows all possible combinations of two goods which a…

Q: Consider the PPF of a country with movies on the horizontal axis and computers on the vertical axis.…

A: Production Possibility Frontier refers to the curve that shows different possible combinations of…

Q: Due to the pandemic, as economic activity for most countries decreases, what will be the impact on…

A: STEP:1 The production possibility frontier (PPF) shows the amount of two goods that can be produced…

Q: In an economy, production takes place only on PPC

A: The production possibility frontier (PPF) is a curve that depicts the maximum quantities of two…

Q: A technological innovation allows the nation to efficiently convert solar energy into electricity…

A: *According to  company policy we are supposed to answer only 1 question in one session, so will be…

Q: Consider an economy which uses all its resources to produce national security and consumer goods.…

A: Answer: Introduction: PPF (production possibility frontier): It refers to the curve that shows all…

Q: diagram, determine how does the PPF change in response to the following events: Make sure to…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subpart question…

Q: Describe and indicate how each of the following would affect the U.S production possibilities…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

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

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: Use the diagram below to answer the questions that follow. M- N CONSUMER GOODS (a) What change could…

A: Production possibility frontier can be explained as is the efficiency area of the production of…

Q: Observe given PPC/PPF diagram and answer the question below: PPF Which of the following statements…

A: The economics refer to the study of allocation of scarce resources in the most optimal way when the…

Q: What does efficiency mean according to the PPF model?

A: PPF Curve: It is a  curve that shows all possible combinations of two goods that an economy produces…

Q: The figure above shows a country's production possibility frontier (PPFA). B A PPFA PPF The…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Production possibilities. If the supply of capital falls by10 percent and the supply of labor…

A: If it is supposed that capital in form of land is used to produce wheat and labor is used to produce…

Q: uppose that this year, the economy is operating at point B, but then an earthquake destroys more…

A: PPF which is the production possibility frontier is also called the production possibility curve…

Q: The fact that the PPF usually bows away from the origin implies that getting more of one good means…

A: The PPF curve shows different bundles or combinations of goods that can be produced by given all…

Q: Explain, using the PPF-indifference curve diagram, how a change in tastes can cause a country to…

A: The PPF is a chart that shows every one of the various blends of result of two goods that can be…

Q: Suppose Germany produces only smartphones and tablets. The resources that are used in the production…

A: In the above question, it is given that Germany produced smartphones and tablets, there is no…

Q: Using a production possibilities frontier diagrams describe how does a countries PPF change in…

A: A production possibilities frontier is a graphical representation that shows the combination of two…

Q: Draw the PPB for a country that: produces two goods "Good K" and "Good L" Has a fixed quantity of…

A: The Production Possibilities Frontier (PPF) is a graph that depicts all of the possible output…

Q: why is it not realistic for a PPF curve to be straight?

A: PPF or Production Possibility Frontier is a locus of all the combinations of two goods that an…

Q: The PPF curve shows a curved negative relationship between two goods this means that an increase in…

A: A production possibility frontier (PPF) shows the combination of two goods that a nation can produce…

Q: State whether each entry below is positive or normative—explain your answer. Low-income people pay…

A: Positive and normative economics are correctly referred to as the two arms of economics.   Positive…

Q: A global pandemic results in 6 million confirmed cases and the death of over 400,000 individuals.…

A: An important question of economics is the question of choice of how to use limited resources between…

Q: Between a straight line PPF and a concave PPF, which one is more realistic? Why? Defend your answer.

A: Production possibility curve: The production possibility curve is the curve that exhibits the full…

Q: explain how ppf can be used to illistate the loss of scarce resources

A: Production Possibility frontier:- When both product rely on limited resources, the production…

Q: The graph below represents a change to a PPF. Assume the production of cars is represented on the…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: What would it mean if the production possibilities Frontier (PPF) were bowed inward (convex),as…

A: PPF is the production possibility frontier of the economy which shows the possible combinations of…

Q: Use the diagram below to answer the questions that follow.   (a) What change could cause the PPF…

A: PPF i.e production possibility frontier shows all the possible combinations of the goods that the…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.