Which of the following would cause an outward shift of the production possibilities frontier?

Q: Please graph two hypothetical production possibilities models. In one of the graphs, please…

A: Meaning of Production Possibility Frontier: The term production possibility frontier refers to the…

Q: Susan is a skilled toy maker who is able to produce both boats and drums. She has 8 hours a day to…

A: “Hey, since there are multiple subaprt , we will answer first three subparts. Please resubmit the…

Q: According to the article of Jan 18, 2016 "several Canadians are nominated for Oscars" draw a…

A: Trade off basically involves the concept of opportunity cost. If we increase quantity of one good…

Q: Draw and explain a production possibility frontier for an economy that produces milk and cookies.…

A: Production possibility frontier: Production possibility frontier is the curve that shows the various…

Q: Explain why a movement from a point inside a production possibilities frontier to the production…

A: The points on production possibilities frontier indicate the combination of two goods that are…

Q: Suppose Argentina produces only two goods: corn and DVDS. The following graph shows Argentina's…

A: Points located inside the PPF ie A and F represent inefficient output combination. At these points,…

Q: Shifts in production possibilities Suppose South Africa produces two types of goods:…

A: Production-possibility frontier (PPF):Production–possibility frontier or the PPF curve shows the…

Q: shift the production possibilities curve from PP2 to PP3 shift the production possibilitles curve…

A: The production possibility frontier would result in the maximum output that can be produced with the…

Q: What is a production possibilities frontier?  How can we show efficiency on a productions…

A: PPF is the representation of the total output capacity of an economy given all the resources which…

Q: Why is a nation’s production possibility frontier the same as its consumption frontier in the…

A: The production possibility frontier shows the graphical representation of the combination of two…

Q: What are the properties of the production possibility curve

A: The production possibility curve, also called PPC is a curve that depicts the allocation of two…

Q: Consider a point underneath the Production Possibilities Frontier (PPF). How would you describe it?…

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

Q: Which of the following is a normative statement *       If a sin tax is imposed on cigarettes and…

A: Normative economics deals with subjective judgements . It tells you how the situation "should be "…

Q: production possibilities frontier

A: Production possibilities frontier- it is the different variations of 2 goods that can be produced…

Q: What is the production possibilities frontier? Explain the basics of the simple tool and illustrate…

A: The production possibility curve or production possibility frontier is a curve that shows whether…

Q: According to the CIA's World Factbook Website, in January of 2011 Swaziland surpassed Botswana as…

A: Production possibility frontier (PPF) depicts the combination of two goods that an economy can…

Q: Using the production possibilities frontier model with two goods X and Y, the opportunity cost of…

A: Opportunity cost can be defined as the lose of one alternative when another alternative is chosen.

Q: If the production possibilities frontier curve is linear and downward-sloping instead of bowed out,…

A: The production possibility frontier (PPF) is a diagramatical illustration of an economic model that…

Q: raw and explain a production possibilities frontier for an economy that produces cheese and milk.…

A: Production possibility frontier refers to the maximum possible combination of output of goods or…

Q: An earthquake has occurred in an economy, many buildings and factories are destroyed; many people…

A: The curve that depicts numerous combination levels of amount of two goods that could in turn be…

Q: Draw and explain a production possibilities frontier for an economy that produces milk and cookies.…

A: The production possibility frontier (PPF) refers to the maximum possible combinations of output of…

Q: Suppose a bakery has 14   employees to be designated as bread bakers​ (B) and cake bakers​ (C), so…

A: Production possibilities function is the locus of points of values of goods x and y that is the…

Q: Suppose South Africa produces only two goods: corn and cars. The following graph shows South…

A: Production Possibility Frontier:- The graph can be explained as the Production Possibilities…

Q: All points on the production possibilities frontier are equally efficient; point G O point D; point…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: Q7. Philosophers draw a distinction between positive statements, which describe the world as it is,…

A: Economists are the people who study different economic models and theories.

Q: Which of the following normative criteria is concerned with the optimal mix of production among…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Explain how the shape of the production-possibility frontier implies increasing costs for the…

A: Points Clothing Food A 16 0 B 15 2 C 13 4 D 10 6 E 6 8 F 0 10

Q: Why is the production possibility curve also called as the opportunity cost curve

A: Initially we can say that the production possibility curve is known as a curve or line which depicts…

Q: How could a society manage to end up consuming a bundle of goods that is beyond its production…

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

Q: What is the axiom of consumer choice that implies that consumers spend all their income in order to…

A: Consumers make decisions by allocating their limited and given income for consuming all possible…

Q: Where are you producing relative to the Production Possibilities Frontier? (On, Below, or Above)…

A: Scarcity is the primary problem of an economy because resources in every economy are limited and can…

Q: The slope of the production possibilities frontier is called

A: Production possibility frontier shows the combinations of output that the economy can possibly…

Q: Which of the following results in an outward shift in the Production Possibility Frontier? *…

A: The Production Possibility Frontier is the locus point of all the different combinations of the two…

Q: After Hurricane Katrina devastated parts of Mississippi and New Orleans in 2005, we can be sure that…

A: The combination of the goods and services which can be produced efficiently, of they are on the…

Q: Explaining the Production Possibilities Curve or PPF Explain the attainable and unattainable

A: The production possibility frontier or curve is locus of combinations of the two goods that can be…

Q: What is the Production Possibility Frontier?

A: please find the answer below.

Q: ncy takes place at every point along the production possibilities frontier.

A: The production possibility model shows the trade-offs associated with allocating resources between…

Q: Explain the usefulness of a Production Possibilities Frontier and how it could be applied to an…

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

Q: Suggest assumptions of the Production Possibility Frontier

A: The production possibility frontier implies a concave curve that shows the combinations of two goods…

Q: ilities Frontier with

A: Production possibility frontier is a curve which shows the possibilities of production of the two…

Q: Using an appropriate diagram, explain how the production possibility frontier becomes a model of…

A: Production Possibility Curve (PPC) or Production Possibility Frontier may be defined as a curve…

Q: Why is it inefficient for an economy to be inside the production possibilities frontier?

A: The production possibility frontier shows the relationship between what an economy can produce…

Q: What does it mean by a linear production possibility frontier?

A: (Q) What does it mean by a linear production possibility frontier? Linear production possibility…

Q: to the fig

A: A production possibility frontier (PPF) shows the maximum possible combinations of output of two…