Here is the production possibilities table for war goods and civilian goods: Production Alternative D Types of Production Robots 250 450 650 850 Wheat 130 117 109 89 a, Draw a production possibilities curve for robots and wheat using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). c. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E?
Here is the production possibilities table for war goods and civilian goods: Production Alternative D Types of Production Robots 250 450 650 850 Wheat 130 117 109 89 a, Draw a production possibilities curve for robots and wheat using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). c. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost of moving from point B to point C? e. What is the opportunity cost of moving from point D to point E?
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 6SQP
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Transcribed Image Text:PPC Practice Activity D O
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a. Draw a production possibilities curve for butter and guns using the data above.
b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C).
c. What is the opportunity cost of moving from point A to point B?
d. What is the opportunity cost of moving from point B to point C?
e. What is the opportunity cost of moving from point D to point E?
Here is the production possibilities table for war goods and civilian goods:
Production Alternative
B
Types of Production
Robots
250
450
650
850
Wheat
130
117
109
89
Draw a production possibilities curve for robots and wheat using the data above.
b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C).
c. What is the opportunity cost of moving from point A to point B?
d. What is the opportunity cost of moving from point B to point C?
e. What is the opportunity cost of moving from point D to point E?
a,
Here is the production possibilities table for war goods and civilian goods:
Production Alternative
A
C
D
E
Types of Production
10
20
30
40
Tanks
C
口
个
Expert Solution
Step 1: Step 1
Production possibility for war goods and civilian goods:
A production possibility curve (PPC) shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
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