All points on the production possibilities frontier are equally efficient; point G O point D; point F O point B; point F O point E; point G

Q: Consider the following PPF. PPF is linear between points A and B, B and C, C and D, D and E. What…

A: PPF represents the various possible combinations of goods which can be produced with given resources…

Q: Suppose a production possibilities frontier includes the following combinations: Cars Washing…

A: The cost of producing an additional car is (1000 - 600)/(100 - 0) = 4 machines when 50 cars are…

Q: define a production possibility curve and use such a curve to illustrate scarcity,choice and…

A: The resources in any economy are limited while the wants are unlimited. The subject of economics…

Q: Discuss the impact of each of the following on the production possibilities frontier and illustrate…

A: a)  Unemployment refers to when all the available resources in the economy are not utilized…

Q: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?

A: Production Possibility Curve represents different combinations of good (or services) that can be…

Q: On the following graph, use the blue line (circle symbol) to plot Felix's production possibilities…

A: Absolute advantage refers to the ability of an individual to produce more of the good than the other…

Q: Justin's farm can produce 5 pounds of apples or 17 pounds of pears in one hour. Samantha's farm can…

A: Opportunity costs basically refers to the the potential advantages that a person, investment, or…

Q: If the resources used to produce two goods are specialized, then the production possibilities…

A:

Q: Explain why a movement from a point inside a production possibilities frontier to the production…

A: The points on production possibilities frontier indicate the combination of two goods that are…

Q: Suppose Argentina produces only two goods: corn and DVDS. The following graph shows Argentina's…

A: Points located inside the PPF ie A and F represent inefficient output combination. At these points,…

Q: Shifts in production possibilities Suppose South Africa produces two types of goods:…

A: Production-possibility frontier (PPF):Production–possibility frontier or the PPF curve shows the…

Q: Your neighbor also grows oranges and apples. In a season they are capable of harvesting 300 crates…

A: PPF curve is the graphical representation of two goods that illustrates the variations in the number…

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: Let Utopia be a very small country that produces Cheese and Bread only. Its production possibilities…

A: Production possibility frontier is the curve that shows different possibility of combination of two…

Q: The graph below represents the Production Possibility Frontier for the country of Sandia for 2…

A: Production possibility frontier is a graphical representation which shows the different combinations…

Q: Which of the following would cause an outward shift of the production possibilities frontier?

A: The production possibility frontier represents the different combinations of two goods that can be…

Q: If the production possibilities frontier can be expressed as 4X2+y2=16, then the point X=√3; Y+2 is…

A: Given,   PPF: 4X2+ Y2 = 16  X = √3, Y = 2

Q: Draw a production possibilities frontier with movies on the x-axis and other goods and services on…

A: Production possibility frontier (PPF) shows all the combinations of goods and services that can…

Q: Suppose there are only two people in the world. Each person’s production possibilities frontier also…

A: Suppose there are only 2 people in the world.Each person's production possibilities frontier also…

Q: In a production possibilities frontier graph, the cost of producing more units of a good is measured…

A: Answer: A production possibilities curve shows the different combinations of two goods that can be…

Q: production possibilities frontier

A: Production possibilities frontier- it is the different variations of 2 goods that can be produced…

Q: Explain how (if at all) each of the following events affects the location of a country’s production…

A: The production possibility curve represents the combination of two goods that can b produced in an…

Q: Production at a point inside the production possibilities frontier is unattainable and inefficient…

A: A production possibilities curve shows the various combinations of two goods that an economy can…

Q: According to the CIA's World Factbook Website, in January of 2011 Swaziland surpassed Botswana as…

A: Production possibility frontier (PPF) depicts the combination of two goods that an economy can…

Q: Steve can bake either 3 loaves of bread or 12 dozen cookies a day. Sarah can bake either 6 loaves of…

A: a. The production possibility frontier is as shown below:

Q: A point inside the production possibilities frontier isa. efficient but not feasible.b. feasible but…

A: PPF represents various combination of two goods that can be produced within given resources.

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: Using the production possibilities frontier model with two goods X and Y, the opportunity cost of…

A: Opportunity cost can be defined as the lose of one alternative when another alternative is chosen.

Q: Suppose a bakery has 14   employees to be designated as bread bakers​ (B) and cake bakers​ (C), so…

A: Production possibilities function is the locus of points of values of goods x and y that is the…

Q: Suppose the United States produces two types of goods: agricultural and capital. The following…

A: A production possibility curve shows various combinations of two goods that an economy can produce…

Q: Suppose South Africa produces two types of goods: agricultural and capital. The following diagram…

A: The Production Possibility Frontier is the locus point of all the different combinations of the two…

Q: Suppose South Africa produces only two goods: corn and cars. The following graph shows South…

A: Production Possibility Frontier:- The graph can be explained as the Production Possibilities…

Q: Explain how the shape of the production-possibility frontier implies increasing costs for the…

A: Points Clothing Food A 16 0 B 15 2 C 13 4 D 10 6 E 6 8 F 0 10

Q: The slope of the production possibilities frontier is called

A: Production possibility frontier shows the combinations of output that the economy can possibly…

Q: When economic growth occurs, the production possibilities frontier shifts outward but no longer…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Suppose Canada produces two types of goods: agricultural and capital. The following diagram shows…

A: Here, given the production possibility curve has two types of goods such that Corn that is an…

Q: Explain the usefulness of a Production Possibilities Frontier and how it could be applied to an…

A: Production possibility frontier: - it is the graphical representation of different combinations of…

Q: Graph the PPF, assuming that it has no curved segments.

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

Q: Soybean (bushels per year) Chicken (Pounds per year) 500 0 400 300 200 500 0 600 9.) If the farm…

A: Opportunity cost refers to the loss incurred by giving up the next best alternative while making a…

Q: England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50…

A: The engagement of a nation in a more open international trade increase the well-being of a nation in…

Q: Which statement concerning a production possibilities curve is not true? a. it is usally linear b.…

A: The production possibility curve represents graphically all the production possibilities of two…

Q: You will knit for 8 hours today. In any particular hour, you can knit 1 hats or 0.5 scarves. If you…

A: Opportunity Cost is the value of the next best available alternative that is given up.

Q: Use the table to answer the question:   Corn (lb) Scarves (#) U.S. 20 10 Mexico 25 5 What is the…

A: Opportunity cost is here is the amount of the other good foregone for producing one unit of a good.…