A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? B. Use the graph below to answer the questions that follow: Machinery (Units) +PPF, 90 „PPF4 PPF, PPF2 80 Rice (000) B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the discovery of fertilizers on Nepal's economy using one of the PPF above. B2: Also, supposing there is a discovery of steel in Nepal, explain the impact of steel on the economy of Nepal using one of the PPF above.

A. Name positions B, V and D. Also, as indicated in the table, supposing Nepal is operating at level T, what is the opportunity cost of producing 10,000 more tons of rice? B. Use the graph below to answer the questions that follow: Machinery (Units) +PPF, 90 „PPF4 PPF, PPF2 80 Rice (000) B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the discovery of fertilizers on Nepal's economy using one of the PPF above. B2: Also, supposing there is a discovery of steel in Nepal, explain the impact of steel on the economy of Nepal using one of the PPF above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A.
Name positions B, V and D. Also, as indicated in the table, supposing Nepal is
operating at level T, what is the opportunity cost of producing 10,000 more tons
of rice?
B.
Use the graph below to answer the questions that follow:
Machinery
(Units)
+PPF,
90
„PPF4
PPF,
PPF2
80
Rice (000)
B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the
discovery of fertilizers on Nepal's economy using one of the PPF above.
B2: Also, supposing there is a discovery of steel in Nepal, explain the impact of
steel on the economy of Nepal using one of the PPF above.

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