A production possibilities table for bananas and apples is shown below:Production AlternativesType of ProductionABDEBananas (pounds)20406080Apples (pounds)100755025a. Show these data graphically.Instructions: Use the tool provided 'PPC' to draw a PPC curve (plot 5 points total).125Tools100PPC75502520406080100(in pounds)Instructions: In part c, round your answers to 2 decimal places.b. Does the economy above demonstrate the law of increasing opportunity cost?|(Click to select)c. Based on this information, what is the opportunity cost of a pound of apples?pound(s) of bananasWhat is the opportunity cost of a pound of bananas?pound(s) of applesApples (in pounds)

The PPC shows the all-possible combinations of two goods by using its all factors efficiently and…

Answered: A production possibilities table for…

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 3.5P

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6. Study Questions and Problems #6 The following table shows a set of hypothetical production possibilities for a nation producing automobiles and beef. Combination Automobiles Beef (Thousands) (Thousands of tons) A 0 10 B 2 9 C 4 7 D 6 4 E 8 0 On the following graph, use the blue points (circle symbol) to plot the production possibilities curve for the nation using the data in the preceding table. Line segments will automatically connect the points. PPFFG012345678910109876543210Beef (Thousands of tons)Automobiles (Thousands) The opportunity cost of the first 2,000 automobiles produced is tons of beef. Between which points is the opportunity cost per thousand automobiles highest? A and B B and C C and D D and E The opportunity cost per thousand tons of beef is the highest between points Using your answers in the preceding parts, you can see that the opportunity cost of 1,000…
The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two countries separately. Referring to your graphs, answer the following:
Use the following table to answer the question below. Alexandra’s Production Possibilities Schedule Natalia’s Production Possibilities Schedule Number of Scarves Knitted per Day Number of Sweaters Knitted per Day Number of Scarves Knitted per Day Number of Sweaters Knitted per Day 0 4 0 4 3 3 2 3 6 2 4 2 9 1 6 1 12 0 8 0 Which of the following is an acceptable term of trade? Multiple Choice 2 sweaters for 7 scarves 4 sweaters for 10 scarves 8 sweaters for 15 scarves 6 sweaters for 10 scarves
The following is a production possibilities table for war goods and civilian goods: Production alternatives A B C D E Automobiles 0 2 4 6 8 (in millions) Guided missiles 30 27 21 12 0 (in thousands) •Show these production possibilities data graphically. •What does points on the curve indicate? •If the economy is currently at point C, what is the cost of 1 million more automobiles? Of more guided missiles? •Suppose improvement occurs in the technology of producing guided missiles but not in the production of automobiles. Draw the new production possibilities curve
Table 1: Production Capacity of COVID-FREE LAND.Toilet Rolls Sanitizers30,000 028,000 1,00024,000 2,00018,000 3,00010,000 4,0000 5,000Use information in Table 1 above to answer the following questions: In your own words, while making use of the graph that you have created in part a, explain what the PPF is. Cleary state all assumptionsand properties of the PPF.
c. Graphically illustrate a production possibilities curve for books and ice cream.
A nation’s population size and the affluence of its citizenseach influence its resource consumption and environmentalimpact. As of 2013, the world’s population passed 7.1 billion,average per capita income was $11,690 per year, and the latest estimate for the world’s average ecological footprint was2.7 hectares (ha) per person. The sampling of data in the tablewill allow you to explore patterns in how population, affluence,and environmental impact are related. Draw a graph illustrating total impact (on the y axis) inrelation to affluence (on the x axis). What do the resultssuggest to you?
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?
Sketch a graph to illustarte your idea of each of the following relationships. Be sure to label both axes appropriatley. In each case explain uder what circumstances, if any, the curve should shift. 1. The amount of fertilizer added to an acre of land and the amount of corn grown on that land in one growing season 2. An automobile's horspower and it's gasoline mileage (in miles per gallon)
Brother i need these graphs to be more detailed please sir at least the PPF one
A) What is Betty Lou’s opportunity cost for 60 Apple Pies (Use Figure 4 above)? B) What is Betty Lou’s opportunity cost for 10 Chocolate Layer Cakes (Use Figure 4 above)? C) What is Betty Lou’s opportunity cost for 1 Chocolate Layer Cake (Use Figure 4 above)? Hint: Review Problems 10-19 (Session 1 Practice Problems)
Below is the production possibilities table for consumer goods (maize) and capital goods (tractors):Type of productionProduction possibilities A B C D Emaize 30 27 21 12 0Tractors 0 2 4 6 8i. Show these data graphically. ii. If the economy is at point C, what is the cost of one more unit of maize? iii. Suppose improvement occurs in the technology of producing tractors but not in the technology of producing maize. Draw the new production possibilities curve. iv. Now assume that a technological advance occurs in producing maize but not in producing tractors. Draw the new production possibilities curve. v. Now draw a production possibilities curve that reflects technological improvement in the production of both goods.

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