b. Using the information provided in the table below, answer the following questions. COUNTRY A COUNTRY B TABLES 4 7 DESK 1 2 b. Using the information provided in the table below, answer the following questions. v. If each country has 10 workers who can produce either tables or chairs, draw the PPF of tables and desk for Country A and do the same for Country B.
Q: 12. Use the production possibility curve (PPC) to answer the question. If Zambia is currently on…
A: Production Possibility Curve Production possibility curve is a graph that shows all the possible…
Q: The following table shows the units of output a worker can produce per month in Germany and South…
A: Given : Steel (tons) PC (personal computer) Germany 20 10 South Korea 8 2
Q: Explain how each of the following situations would affect the nations possibility curve. (iv) A…
A: Production possibility frontier (PPF) or national possibility curve is a locus of all the points…
Q: can you o=please solve this simple qouestoin
A: The problem of scarcity is a key economic problem that affects all countries without exception. This…
Q: Table 1 shows the production possibilities for the USA and Mexico.…
A: Absolute advantage: According to Adam smith a country have absolute advantage in producing…
Q: a. Using data in the table, graph the ppf (with carpet on the vertical axis) b. What happens to the…
A:
Q: 1. Country A and country B both produce toasters and sweaters. In country A each worker in a day…
A: Opportunity Cost: It is the cost of next best alternative that is foregone to pursue one course of…
Q: Assume the table below shows the quantities of wine and cheese that a worker can produce in an hour…
A: Here we calculate the absolute and Comparative advantage and fill the blanks by using the given…
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: Suppose the production of lamb is labour intensive and the production of car is capital intensive.…
A: Opportunity cost is the advantage you forego in picking one game-plan over another. You can decide…
Q: Explain how each of the following situations would affect a nation’s production possibilities curve.…
A: Production possibility frontier is a curve which shows a possible combination of two goods that can…
Q: QUESTION 6 PRODUCTION AND CONSUMPTION (TRADE) POSSIBILITIES FRONTIERS Portugal England 90 90 80 70…
A: Production possibility frontier: - it is the graphical representation of different combinations of…
Q: Draw a production possibilities curve that shows the production of possibilities of the US
A: PPC shows the combination of two goods which a country can produce given it's resources and…
Q: Show, using a curved PPF, what would happen if there was a terrible natural disaster that destroyed…
A: PPF curve is a curve that shows the various level of combination of two goods that an economy can…
Q: SY 'I commodities: coconuts and passion fruits. The table below contains the amount of each…
A: Given that both countries have 180 hours of labor available we can calculate maximum production of…
Q: 3. Assume a country produces bag and potato only and follows "law of increasing opportunity cost".…
A: According to the "law of increasing opportunity cost", as the production of one good is increasing,…
Q: There are 100 workers in Vietnam, and each worker can produce either 10 shirts or 2 hats. There are…
A: The maximum output of two items utilizing a certain quantity of input is measured by a production…
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: Which allocation point in the short-run production possibilities frontier (PPF) will lead to the…
A: The answer is given below
Q: Show on the PPF how both Germany and France gain from trade. B) How many units of apples and…
A:
Q: The table shows a nation's marginal benefit and marginal cost schedules and the graph shows the…
A: The production possibilities curve in economics is a diagrammatic representation of how to produce a…
Q: How is the PPF applicable to international trade?
A: How is the PPF applicable to international trade.
Q: Explain how each of the following situations would affect a nation's production possibility curve.…
A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…
Q: 8. Germany and Japan both produce cars and beer. The table below shows production possibilities per…
A: A country has absolute advantage in production if it can produce more output than it's competitor…
Q: 3. Why do you think the PPF of the Philippines will possibly shift to the left? Explain.
A: The production possibility frontier would result in the producing the maximum amount of output which…
Q: UNITED STATES SOUTH KOREA VCR PHOTOCOPIER VCR PHOTOCOPIER 0 800 800…
A: Since you have posted multiple sub-parts, we are answering the first three for you. If you want a…
Q: Problem 4 News Flash: Wliam fails his last economics midterm. He realizes that he has spent too much…
A: Answer: Introduction: PPF (Production possibilities frontier): it refers to the curve that shows…
Q: We are supposed to create a PPF with manufactured goods on the y axis and agricultural goods on the…
A: The production possibility frontier of an economy is a model that illustrates the total output that…
Q: 1. Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523…
A: (a) and (b)
Q: A country produces two goods: coconuts and umbrellas. Their production possibilities frontier (PPF)…
A: "Production possibility frontier or PPF represents the different combinations of the two goods that…
Q: American and Japanese workers can each produce 4 cars a year. An American worker can produce 10…
A: Opportunity cost: opportunity cost, or elective expense, is the deficiency of likely addition from…
Q: Bread A Cars Which of these two countries will export cars if there is international trade between…
A: If a nation engages in more open international trade then the social welfare(the sum of consumer and…
Q: produce either 5 cloths or 10 wines. In the US, one hour of workers labor can produce either 20…
A: Opportunity cost measures the input need to be given up in order to obtain other input.
Q: Consider a simple economy of Korea - producing two goods, Motor bike and milk. The details of the…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Visualize a PPF (Production Possibility Frontier/Curve) for two countries the United States and…
A: Opportunity cost of one unit of tennis shoes for USA=10025=4 YO-YO
Q: The table below describes production possibilities for Mexico and Nigeria. Each number in the table…
A: Mexico needs 10 workers to produce one unit of the shoe and 12 workers to produce one unit of…
Q: Growing Oranges Growing Bananas Jesse 400 200 Кayle 300 200 Who has the absolute advantage and why?…
A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…
Q: Suppose a worker in Germany can produce 15 cars or 5 tonnes of grain per month. Suppose a worker in…
A: “Hey, since there are multiple subparts questions posted, we will answer the first three subparts…
Q: Suppose that a worker in India can make 3 TVs or 15 pairs of shoes per week, and a worker in China…
A: The opportunity cost of producing TV in India can be calculated as follows. Opportunity cost of…
Q: 4. An increase in the nation's capital stock will shift the PPC outward. move the nation from…
A: NOTE: We'll answer the first question, since the exact one isn't specified. Please submit a new…
Q: Scenario1: I choose Almarai company a. If your company can make two goods, use a numerical table and…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…
Q: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week.…
A: Given: The US produces: 1,000 pairs of jeans per week 50 cell phones in a week China produces:…
Q: The following graphs show two possible PPFS for South Africa's economy: a straight-line PPF (PPF¡)…
A: Production possibility frontier: - it is the graphical representation of different combinations of…
Q: 1.Graph the production possibility frontier. What will happen if more labor is employed?
A: Production possibilities frontiers are used to represent the trade-off that occurs between the…
Q: If Larry can produce more donuts in a day than Sue can produce in one day, then Select one: a.Larry…
A: When a good (donuts) can be produced in a larger quantity by person A than person B, given the same…
Q: Visualize a PPF (Production Possibility Frontier/Curve) for two countries the United States and…
A: The production possibility Frontier (PPF) shows the combination of two goods which can be produced…
Q: 14. Which of the following is correct? a. The PPF must be concave. b. The PPF must be a straight…
A: NOTE: We'll answer the first question as the exact one is not specified. Please submit a new…
b. Using the information provided in the table below, answer the following questions.
COUNTRY A | COUNTRY B | |
TABLES | 4 | 7 |
DESK | 1 | 2 |
b. Using the information provided in the table below, answer the following questions.
v. If each country has 10 workers who can produce either tables or chairs, draw the
.
Step by step
Solved in 2 steps with 2 images
- Republika 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.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) Explain3. Using the graphs of and as functions of labor, graphically show that the PPF has a bowed shape (concave toward the origin). Hint: use the graph with 4 quadrants fromlecture.
- ackground information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information.Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? (Show your work.)Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.)Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.)Part D: Determine how many jeans should be produced by each nation. (Show your work). Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology you have learned in this unit in your…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 ZRice (1000 tons) 0 10 26 37 45 50 55 59 66 77 80Machinery (units)90 89 85 80 75 70 65 60 50 30 0 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 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.B3: Finally, the Minister of Finance in Nepal advices the World Bank that in order to increase…Home has 12,000 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 100, while in banana production is 75. There is now also another country, Foreign, with a labor force of 18,000. Foreign’s unit labor requirement in apple production is 120, while in banana production is 150. Graph Foreign’s PPF. Construct the world relative supply curve of banana. What will happen if ? Graph the relative demand curve along with the relative supply curve of banana. Assume: Demand for apples/ demand for bananas =half of price of bananas/ price of apples What is the equilibrium relative price of banana?
- Question 2. Imagine the country of Zed, which has the following production possibilities curve: Tanks Noodles 0 51 100 45 200 38 300 30 400 21 500 11 600 0 a) What is the opportunity cost between tanks and noodles? Is it constant?Graph the ppc. b) True, false, uncertain, and explain: “This economy should produce 30 noodles and 300 tanks because that is the most even distribution of resources between the two goods.”Q3) Illustrate the Production Possibility Frontier by graph from the table below and explain what will happen to the following changes: If the community decided to move from point C to D If they decided to move from E to D. If they want to produce 400 units from consumer goods and 400 units from capital goods. If they want to produce 500 units from consumer goods and 150 units from capital goods. Table shows the production possibility for total barely and lentils in Oman Point on PPT Consumer goods per year Capital goods per year A 600 150 B 500 250 C 400 350 D 300 400 E 200 500Using a production possibilities frontier (PPF) diagram, determine how does the PPF changein response to the following events:Make sure to explicitly indicate what sectors you are representing, and what sort ofassumptions each event implies (i.e., a neutral effect vs a sector-biased effect). The latterfollows from your assumptions on the factor intensity of the sector you are representing.a) Increasing skilled migration into the countryb) Imposing taxes on manufacturing (hint: define a two-sector producing economy,manufacturing and services).c) Decreasing the expenditure on research and developmentd) Implementation of easier rules for foreign investmente) The effects of a pandemic
- Using a production possibilities frontier (PPF) diagram, determine how does the PPF changein response to the following events:Make sure to explicitly indicate what sectors you are representing, and what sort ofassumptions each event implies (i.e., a neutral effect vs a sector-biased effect). The latterfollows from your assumptions on the factor intensity of the sector you are representing.a) Increasing skilled migration into the countryb) Imposing taxes on manufacturing (hint: define a two-sector producing economy,manufacturing and services).c) Decreasing the expenditure on research and developmentd) Implementation of easier rules for foreign investmente) The effects of a pandemic the Sub-parts to be solved. d and eDraw 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!Between a straight line PPF and a concave PPF, which one is more realistic? Why? Defend your answer. (please solve it and make it plagarism free. donot copy paste)