a. At which point(s) is this society producing some of each type of output but producing inefficiently? b. At which point(s) is this society producing the most output possible with the available resources and c. At which point(s) is the output combination unattainable with available resources and technology? technology? A O B and C and D and E X A A and B O None of these answers None of these answers E and F F O A and B and C and D and None of these answers OB and C and D A and B and C and D E E . Which curve(s) could represent the change that would occur if the resources of this society increased? O PPC1 or PPC2 or PPC3 O PPC2 or PPC3 PPC1 None of these answers

a. At which point(s) is this society producing some of each type of output but producing inefficiently? b. At which point(s) is this society producing the most output possible with the available resources and c. At which point(s) is the output combination unattainable with available resources and technology? technology? A O B and C and D and E X A A and B O None of these answers None of these answers E and F F O A and B and C and D and None of these answers OB and C and D A and B and C and D E E . Which curve(s) could represent the change that would occur if the resources of this society increased? O PPC1 or PPC2 or PPC3 O PPC2 or PPC3 PPC1 None of these answers

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 7WNG

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Use the information in the table to answer the below questions. Production Possibilities Frontier Points Number of Bagels Number of Shirts A 15,000 0 B 14,000 100 C 12,000 200 D 9,000 300 E 5,000 400 F 0 500 What must be done in order to produce a combination of 12,000 bagels and 400 shirts?
What does Production Possibilities Frontier (PPF) stand for? Give an example of a simple two good economy and draw its PPF. Explain your choice of the curve (linear, bow-shaped, etc.).
Matt and Lin are two producers and consumers for lamps and beds. Each of them works 40 hours in a week. Hours required for Matt to produce one unit of lamps or beds are 1 hours or 10 hours, respectively. Hours required for Lin to produce one unit of lamps or beds are 2 hours or 8 hours, respectively. Assuming their PPFs are straight lines. Calculate the correct options that complete the following statements on Matt's PPF. A) If Matt produces only lamps, they can produce ? unit(s) of lamps. If Matt produces only beds, they can produce ? unit(s) of beds B) Calculate the correct options that complete the following statements on Lin's PPF. If Lin produces only lamps, they can produce unit(s) of lamps. If Lin produces only beds, they can produce unit(s) of beds. C) What is the marginal opportunity cost of producing an extra unit of lamps for Matt? An extra unit of lamps costs unit(s) of beds. D) What is the marginal opportunity cost of producing an extra unit of lamps for Lin?…
Referring to the given PPF, the movement from production at point a to production at point d requires A)the sacrifice of 30 units of capital goods. B)the sacrifice of 20 units of capital goods. C)the sacrifice of 10 units of capital goods. D)the sacrifice of 10 units of consumer goods.
CHOOSE THE ANSWER FOR EACH QUESTION, FROM THIS LIST a)Reduction in resources b) Pivot outwards along the computer axis c)Unused Resources d)Increased production given resources e)Pivot outwards along the car axis f)PPF shift outwards g)Produce outside PPF h)Produce inside PPF i)PPF shifts inwards j)Increase in resources
Line XX is the production possibility curve (PPC) of a worker picking peas and beans in a 10 hour working day. (The graph for this question is attached below) What would cause the worker's PPC to shift to the line YY? A. a machine that increases the worker's pea picking productivity only B. a new work schedule where the worker spends 6 hours per day picking peas and only 4 hours picking beans C. a reduction in working hours to 8 per day and a machine that increases the worker's pea picking productivity D a reduction in working hours to 8 per day only
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Macroeconomics Basics What is a production possibilities frontier (PPF)? Illustrate (DRAW) your answer by drawing a PPF, properly labeled and show an unattainable production combination.
Which of the points are feasible and which are efficient?
Brother i need these graphs to be more detailed please sir at least the PPF one
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Diagrams 1 and 2 below depict the production possibility frontier (PPF) for Rosie’s Bakery. Answer the questions below and show all calculations where appropriate. Explain in one paragraph how the PPF curve in Diagram 1 depicts the problem of scarcity for Rosie’s Bakery. Which points in Diagram 1 represent efficiency? Explain. “Every point on the PPF in Diagram 1 involves a trade-off.” Explain this by comparing a combination of related changes in values on the graph. From Diagram 1, calculate the opportunity cost of increasing the production of cakes from 8 to 12 with the opportunity cost of increasing the production of cakes from 12 to 14. Show all calculations. In Diagram 2, how would explain the shift from PPF1 to PPF2 at Rosie’s Bakery using economic theory?