use a diagram to ishow how ppf illustrates the loss of resources for a country

Q: consider a production possibilities frontier that measures movies and other goods and services. how…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1 hour. a)…

A: Given: Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1…

Q: Compare the points inside the PPF and outside the PPF

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: Kate can wax 2 cars per day or wash 6 cars. Jack can wax 2 cars per day or wash 4 cars.    Who has a…

A: Let's summarize the given information into tabular form.    Kate Jack Car wax /day 2 2 car…

Q: How do I draw a Grossman PPF and changes to the PPF when circumstances change?

A: The model of Grossman states that while maximizing the utility s.t {subject to} money and time in a…

Q: Explain how each of the following situations would affect the nations possibility curve.   (iv) A…

A: Production possibility frontier (PPF) or national possibility curve is a locus of all the points…

Q: Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1hour A)…

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

Q: e. Is it possible for USA to gain by trading with Thailand? Explain. f. Is it possible for Thailand…

A: Theory of comparative advantage states that a country should produce those goods where it has lower…

Q: Although a production possibilities frontier is usually drawnfor a country, one could be drawn for…

A: The production risk frontier could be a curve in business analysis that depicts the numerous amounts…

Q: What is allocative efficiency and how does it relate to the PPC

A: Production Possibility Curve or PPC represents all the combinations of two goods which can be…

Q: (a) On two separate graphs sketch the initial PPF for the two countries with Food on the x-axis. (b)…

A: Given information:   Peru can produce either 7,523 units of food or 17,853 units of fuel using 8000…

Q: Basketballs per Hour…

A: The production possibility curve or the production possibility frontier is the graphical…

Q: Homework (Ch 03) When country has a comparative advantage in the production of a good, it means that…

A: A Country or an individual is said to have a comparative advantage if it can produce the good at a…

Q: D.) Show an example of trade between the two nations. You must establish a terms of trade And show…

A: Since you have asked specifically the solution for part D, we are providing with the answer for Q…

Q: Use the PPF to answer the following questions: Hard drives A 525 E. 450 400 350 300 •H 250 200 G 150…

A: A production possibility curve illustrates the combinations of two goods that can be produced in an…

Q: Apples PPC B CPC2 CPC3 CPC1 C Carpets The graph above shows the PPC (in blue) and nossible CPCS (in

A: From the given PPC we can observe that by employing all of its resources, Aquitania can produce more…

Q: Show, using a curved PPF, what would happen if there was a terrible natural disaster that destroyed…

A: PPF curve is a curve that shows the various level of combination of two goods that an economy can…

Q: What two things must change or be improved to move a PPC out?

A: The production possibilities curve or PPC is a diagrammatic representation of the combination of two…

Q: Suppose there are two bakers in town: Sarah and Amy. Sarah can bake 4 loaves of bread or 8 pies in…

A: In microeconomic theory, opportunity cost is the loss of the benefit that could have been enjoyed if…

Q: The shape of Canada's production possibilities frontier (PPF) should reflect the fact that as Canada…

A: Production possibilities frontier shows different combinations of goods that can be produced with…

Q: The table shows a nation's marginal benefit and marginal cost schedules and the graph shows the…

A: The production possibilities curve in economics is a diagrammatic representation of how to produce a…

Q: When a country has a comparative advantage in the production of a good, it means that it can produce…

A: The production possibility curve shows the combination of two goods a country can produce by using…

Q: What is ppc?

A: PPC stands for production possibility curve.

Q: Given Ted can wax 4 cars per day or wash 2 cars per day and Tom can wax 3 cars per day or wash 1 car…

A: We are given the output of the services by Ted and Tom as follows:

Q: Suppose that a small country has a production possibility frontier (with two goods X and Y)…

A: When resources are limited, the production possibility frontier is a graph that depicts the numerous…

Q: Why is the Production Possibility Curve (PPC) or Production Possibility Frontier (PPF) concave? What…

A: Meaning of Production Possibility Curve: The term production possibility curve refers to the…

Q: a. Draw a production possibility frontier, clearly marking the regions of inefficient production,…

A: The production possibility curve depicts various pairings of two items that can be produced in the…

Q: Compare the points inside the PPF and outside the PPF. Explain.

A: Point inside and outside the production possibility Frontier indicate different things.

Q: g. If the two countries decided to produce corn and peanut together as one business, draw the…

A: Alpha has a comparative advantage in the production of peanuts and Beta has a comparative advantage…

Q: Some scientists believe that we are rapidly depleting our natural resources. Assume that there are…

A: The production possibilities frontier (PPF) represents all possible production combination of two…

Q: Suppose there are two bakers in town: Sarah and Amy. Sarah can bake 4 loaves of bread or 8 pies in…

A: Opportunity cost - "Opportunity cost refers to the benefit that is forgone by choosing one…

Q: Hecksher-Ohlin Model Mexico and Brazil each make t-shirts and televisions. The two countries have…

A: Hecksher-Ohlin Model The model states that the country will export that good which comparatively…

Q: On the following graph, use the blue line (circle symbol) to plot Yakov's production possibilities…

A: Absolute advantage refers to a situation where a country produce best quality of the commodity at a…

Q: a. If your company can make two goods, use a numerical table and list different combinations of two…

A: Let the company makes good X and good Y. The production possibility schedule is given below

Q: What is Production possibility curve(PPC)? Draw a PPC in which vertical axis and horizontal axis…

A: A model which is bound to capture the opportunity costs and scarcity of choices while being faced…

Q: Production Alternatives Type of Production A B D. E Automobiles 4 8. Forklifts 30 27 21 12 a. Show…

A: c) Producing 3 automobiles and 20 forklifts, here it can be said that the resources here are left…

Q: Scenario1: I choose Almarai company a. If your company can make two goods, use a numerical table and…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…

Q: why is it not realistic for a PPF curve to be straight?

A: PPF or Production Possibility Frontier is a locus of all the combinations of two goods that an…

Q: Show, using a curved PPF, what would happen if there was a terrible natural disaster that destroyed…

A: Destruction of natural resources would reduce the amount of the means of production. So the economy…

Q: Use a production possibilities frontier to describe the idea of trade-off.

A: Use a production possibilities frontier to describe the idea of trade-off.  Let us define the…

Q: A В C D E F G Trucks 20 28 35 40 43 45 Cars 54 52 49 43 35 25 How could the PPC shift to the left?

A: Production possibility curve: - it is the graphical representation of different combinations of two…

Q: Draw and explain a production possibilities frontier (PPF) for an economy produces two goods milk…

A: Production possibility frontier (PPF) shows the possible combination of output that produced by…

Q: Question 2 (1 polnt) The four people listed below are the only workers In an economy that works 10…

A: Hello dear student, You have asked multiple questions in single post. I am going to answer one…

Q: What is the difference between a point inside and a point on a PPC?

A: PPC shows different combinations of two goods x1 and x2 that can be produced with the use of given…

Q: Number of Tanks (1000’s)     Number of Cars (1000’s) A. 0 150 B. 10 145 C. 20 130 D. 30…

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

Q: The figure shows an economy's production possibilities frontier and identifies some production…

A: A PPF depicts the combination of two products that can be produced while using the available…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.