uppose that the opportunity cost of producing 10 chickens is always 8 turkeys. Given this, the relevant production possibility frontier must be:
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this, the relevant production possibility frontier must be:
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- Given the above production possibilities frontier, what is the opportunity cost of moving from point a to point b? C) 3 pairs of socks A) zero D) 2 sweaters B) 3/2 pairs of socks per sweaterSuppose a production possibilities frontier includes the following combinations: Cars Washing Machines 0 1,000 100 600 200 0 What is the cost of producing an additional car when 50 cars are being produced? What is the cost of producing an additional car when 150 cars are being produced?In the context of the production possibilities frontier, opportunity cost can be measured by the A) ratio of the costs of the two goods being produced. B) slope of the frontier. C) ratio of the amounts of the two goods being produced. D) amount of labor needed to produce the goods and services.
- What would a straight-line production possibilities frontier between grape juice and apple juice on Fruity Goodness Orchards say about opportunity costs?Suppose a production possibilities frontier can be expressed as 9X2+y2=81. what is the opportunity cost of going from 1 unit of X to 2 units of X (in terms of units of Y)? a)√72-√45 b)1 c) 45 d) √45Suppose that the opportunity cost of producing 10 chickens is always 8 turkeys. Given this, the relevant production possibility curve must be: I II III IV Exlain your choice in few words
- A. What is the opportunity cost to produce the first 10 Saturn Rings? B. What is the opportunity cost to produce the last 10 Saturn Rings? C. Given your answer, is there increasing or constant opportunity costs in the production of Saturn Rings? D. When this production possibilities frontier is graphed, will it be a straight line or a curved one?Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?C: Your neighbor also grows oranges and apples. In a season they are capable of harvesting 300 crates of apples, or 100 of oranges. Draw their PPF, with oranges on the x axis, again assuming that the opportunity cost of producing oranges remains constant.
- Currently Microland produces fewer cars and trucks than it can efficiently produce. We can illustrate the situation by drawing a point where Microland is ________ its production possibilities frontier for cars and trucks. Select one: a. on b. at the origin of c. outside d. insideDiscuss the impact of each of the following on the production possibilities frontier and illustrate graphically. a) a reduction in unemployment. b) a natural disaster like a hurricane or bad earthquake. c) a change in the amounts of one good desiredIf the resources used to produce two goods are specialized, then the production possibilities frontier has a bowed-out shape. [ Select ] ["false", "true"]
