Assume once again that both California and Michigan can produce one automobile or 75 computer chips with one worker. If California has 20 workers, which of the following is the most accurate depiction of California's PPF? Computer Chips 1500 California's PPF 1000 500 10 20 30 Automobiles
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- Explain how each of the following situations would affect a nation's production possibility curve. (i) A technological innovation allows the nation to more efficiently convert solar energy into electricity. a) What happens to the PPF? b) Explain (ii) COVID-19 increases the number of unemployed workersin the nation. a) What happens to the PPF? b) Explain (iii) A global pandemic results in 6 million confirmed cases and the death of over 400,000 individuals. a) What happens to the PPF? b) EXplain (iv) 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. a) What happens to the PPF? b) Explain v) The nation passes a law requiring all employers to give the employees 16 weeks of paid vacation each year. Prior to this law employer were not legally required to give employees any paid vacation time. a) What happens to the PPF? b) ExplainConsider a simple economy of Korea - producing two goods, Motor bike and milk. The details ofthe economy and its production is as follows: Motor Bike (1000 / year) Milk (1000 gallons per year) 0 601 502 303 0 a) Make a graph of Korean economy’s production possibility frontier.b) Explain this logic, why this PPF curve is always downward sloping.c) Suppose this economy is producing 2000 motor bikes and 30,000 gallons of milk. What isthe opportunity cost of producing additional 20,000 gallons of milk?d) According to the (BGH) technology, farmers can now get double the amount of milk fromcows easily. In terms of PPF, this means Korean economy can now produce twice milk ateach level of bike output. With the current production of 2000 motor bikes, Mr. B claimsthat this new technology can allow this economy to produce more milk…Draw another diagram putting on it the original production possibility frontier you drew for (a), labelling it AA. (i) Draw a new production possibility frontier on the diagram, labelling it PP, which shows the position after a devastating war has hit the economy. (ii) Draw another PPF labelling it QQ which shows an increase in productivity in the econory such that output from the same amount of resources increases by 50 per cent in the public sector but twice that amount in the private sector. already finished part A need help with part B thanks!
- A nation with fixed quantities of resources is able to produce any of the following combinations of bread and ovens:Bread (tons) Oven (000’s)60 050 1240 2230 3020 3610 40 0 42These figures assume that a certain number of previously produced ovens are available in the current period for baking bread.a. Using data in the table, graph the ppf (with ovens on the vertical axis)b. What happens to the opportunity cost of bread – measured in number of ovens—as bread production increases from 0 to 10 tons, from 10 to 20 tons, from 20 to 30 tons, and so on?c. If this country chooses to produce both bread and ovens, what will happen to the ppf over time? Why? Select one:a. Remains stagnant b. Decline over time towards inefficiencyc. Increase over time and declined. Increase over time towards growthRepublika UPLB has 50 workers. It produces only coffee and white cheese. The production of these two goods has the following labor requirements. Coffee Output 60 56 48 36 20 0 Labor Requirements 50 40 30 20 10 0 White Cheese Output 0 2 4 6 8 10 Labor Requirements 0 10 20 30 40 50 Illustrate and explain the impact on the PPF if 10 workers decide to work overseas.In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: 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? Use the graph below to answer the questions that follow: B1: Suppose Nepal…
- In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: 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? Use the graph below to answer the questions that follow: (I have sent the picture…In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: 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? Use the graph below to answer the questions that follow:In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: 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?
- In 2017, Nepal’s production of rice and machinery was published by the Nepal Bureau of Statistics (NBS) as indicated by the table below: Production in Nepal Position P Q R S T U V W X Y Z Rice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80 Machinery (units) 90 89 85 80 75 70 65 60 50 30 0 Based on the table above, a production possibility frontier (PPF) for Nepal can be plotted as below: Use the NBS production table and production possibility frontier to answer the following questions: (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: B1: Suppose Nepal begins to manufacture fertilizers. Explain the impact of the discovery of fertilizers on Nepal’s economy…Explain how each of the following situations would affect a nation’s production possibilities curve (i) A technological innovation allows the nation to more efficiently covert solar energy to electricity What happens to PPF ExplanationQ4. Explain the concept of efficiency in production using PPF.
