Macmillan Learning The accompanying graph shows the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses. The PPF shows the quantities of rubber band balls and rubber hoses Rubberland can produce in one day. Point A represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the productivity of all Rubberland's inputs increases. Shift the PPF to show this change. Assume that Rubberland does not make more rubber band balls than it originally made at point A but still maximizes its output. Move point A to the new combination of the two goods. How many more rubber hoses does Rubberland now produce per day than before? Quantity of rubber band balls 200 180 160 140 120 100 Rubberland's Production Possibilities A 80 60 40 642 20 PPF 0 0 10 30 20 40 50 60 70 Quantity of rubber hoses 80 90 100 80 20 more hoses per day
Macmillan Learning The accompanying graph shows the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses. The PPF shows the quantities of rubber band balls and rubber hoses Rubberland can produce in one day. Point A represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the productivity of all Rubberland's inputs increases. Shift the PPF to show this change. Assume that Rubberland does not make more rubber band balls than it originally made at point A but still maximizes its output. Move point A to the new combination of the two goods. How many more rubber hoses does Rubberland now produce per day than before? Quantity of rubber band balls 200 180 160 140 120 100 Rubberland's Production Possibilities A 80 60 40 642 20 PPF 0 0 10 30 20 40 50 60 70 Quantity of rubber hoses 80 90 100 80 20 more hoses per day
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 16P: Praxilla, who lived in ancient Greece, derives utility from reading poems and from eating cucumbers....
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![Macmillan Learning
The accompanying graph shows the production possibilities
frontier (PPF) for Rubberland. Rubberland only makes two
products, rubber band balls and rubber hoses. The PPF shows
the quantities of rubber band balls and rubber hoses
Rubberland can produce in one day. Point A represents the
combination of the two goods Rubberland currently
produces.
When a new method of rubber processing is discovered, the
productivity of all Rubberland's inputs increases. Shift the
PPF to show this change.
Assume that Rubberland does not make more rubber band
balls than it originally made at point A but still maximizes its
output. Move point A to the new combination of the two
goods.
How many more rubber hoses does Rubberland now produce
per day than before?
Quantity of rubber band balls
200
180
160
140
120
100
Rubberland's Production Possibilities
A
80
60
40
642
20
PPF
0
0
10
30
20
40
50
60
70
Quantity of rubber hoses
80
90 100
80
20
more hoses per day](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff8e1372f-f14f-4e85-9bbc-41154cb64ca2%2Fd3dba80a-6617-42b2-a2fa-20d4c51c807c%2Fz911j99_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Macmillan Learning
The accompanying graph shows the production possibilities
frontier (PPF) for Rubberland. Rubberland only makes two
products, rubber band balls and rubber hoses. The PPF shows
the quantities of rubber band balls and rubber hoses
Rubberland can produce in one day. Point A represents the
combination of the two goods Rubberland currently
produces.
When a new method of rubber processing is discovered, the
productivity of all Rubberland's inputs increases. Shift the
PPF to show this change.
Assume that Rubberland does not make more rubber band
balls than it originally made at point A but still maximizes its
output. Move point A to the new combination of the two
goods.
How many more rubber hoses does Rubberland now produce
per day than before?
Quantity of rubber band balls
200
180
160
140
120
100
Rubberland's Production Possibilities
A
80
60
40
642
20
PPF
0
0
10
30
20
40
50
60
70
Quantity of rubber hoses
80
90 100
80
20
more hoses per day
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