If the production possibilities frontier can be expressed as 4X2+y2=16, then the point X=√3; Y+2 is a)inside the production possibilities frontier b)outside the production possibilities frontier c)in the wrong quadrant to be on the graph d)on the production possibilities frontier

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Q: Which of the following are statements illustrate opportunity cost? Select ONLY THOSE THAT APPLY.…

A: "Opportunity cost refers to what is sacrificed when the other thing is chosen over another."

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Q: Which of the following are the assumptions of the production possibility curve? a. Two goods are…

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Q: Which of the following statements is NOT true regarding the production function and the production…

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Q: Which of the following choices correctly illustrates how changes in opportunity costs affect supply?…

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Q: What happens when production is inside the production possibilities curve? The production is not…

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Q: If the production possibilities frontier can be expressed as 4X2 + Y2 =16, then the point X=√3…

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

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A: In economics, the production possibility curve is one of the effective economic measure to be used…

Q: Which concept is NOT illustrated by the production possibilities frontier?    A. tradeoffs  B.…

A: The production possibility frontier (PPF) is a bend that represents the potential amounts that can…

Q: Which of the following would be most likely to shift the production possibilities curve to the…

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Q: Which of the following would most likely shift the production possibilities curve inward?…

A:

Q: If a family spends its entire budget in a given time frame, the family can afford either 95 cans of…

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Q: Which of the following would shift an economy's production possibilities curve to the left?

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Q: Use the PPF to answer the following questions:   (a) At point F, how many sweaters are being…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: The production possibilities curve illustrates the basic principle that:   Question 70 options:…

A: if all the resources of an economy are fully used, more of one item could be produced only if less…

Q: Evidence accumulates that the use of fertilizers,  which increases agricultural production greatly,…

A: As it is said, more the use of chemical fertilizers, more there would be agricultural production and…