Pearson eText Macroeconomics -- Access Card
7th Edition
ISBN: 9780136850014
Author: Hubbard, Glenn, O'Brien, Anthony
Publisher: PEARSON
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Question
Chapter 2, Problem 2.1.9PA
Subpart (a):
To determine
Production possibilities frontier.
Subpart (b):
To determine
Production possibilities frontier.
Subpart (c):
To determine
Production possibilities frontier.
Subpart (d):
To determine
Production possibilities frontier.
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Students have asked these similar questions
Draw a production possibilities frontier for a country that produces two goods: capital goods and consumption goods. Show a point of production that will allow a country to achieve the maximum amount of future growth while still producing a small amount of consumption goods.
Use the following production possibilities frontier for a country to answer the following questions.
Which point(s) are unattainable? Briefly explain why.
Point A because it is inside the production possibilities frontier.
Point E because it is outside the production possibilities frontier.
E
All the points because the production of each has an opportunity cost.
C
None of the points because they all are feasible.
Points B, C, and D because they are on the production possibilities frontier.
A
D
PPE
Consumption goods
-...
Capital goods
Use the following production possibilities frontier for a country to answer the following questions.
Which point(s) are unattainable? Briefly explain why.
O Point A because it is inside the production possibilities frontier.
All the points because the production of each has an opportunity cost.
B
E
Point E because it is outside the production possibilities frontier.
None of the points because they all are feasible.
A Points B, C, and D because they are on the production possibilities frontier.
Which point(s) are efficient? Briefly explain why.
A
Points A, B, C, and D because they are attainable.
O Points B, C, and D because this is where maximum output is produced with available resources.
PPF
Point A because it is inside the production possibilities frontier.
Point E because it is where the most capital and consumption goods combined are produced.
Consumption goods
O Point B because it is where the most resources are used to produce capital goods.
Which point(s) are inefficient?…
Chapter 2 Solutions
Pearson eText Macroeconomics -- Access Card
Ch. 2 - Prob. 1TCCh. 2 - Prob. 2TCCh. 2 - Prob. 2.1.1RQCh. 2 - Prob. 2.1.2RQCh. 2 - Prob. 2.1.3RQCh. 2 - Prob. 2.1.4PACh. 2 - Prob. 2.1.5PACh. 2 - Prob. 2.1.6PACh. 2 - Prob. 2.1.7PACh. 2 - Prob. 2.1.8PA
Ch. 2 - Prob. 2.1.9PACh. 2 - Prob. 2.1.10PACh. 2 - Prob. 2.1.11PACh. 2 - Prob. 2.1.12PACh. 2 - Prob. 2.1.13PACh. 2 - Prob. 2.1.14PACh. 2 - Prob. 2.2.1RQCh. 2 - Prob. 2.2.2RQCh. 2 - Prob. 2.2.3PACh. 2 - Prob. 2.2.4PACh. 2 - Prob. 2.2.5PACh. 2 - Prob. 2.2.6PACh. 2 - Prob. 2.2.7PACh. 2 - Prob. 2.2.8PACh. 2 - Prob. 2.2.9PACh. 2 - Prob. 2.2.10PACh. 2 - Prob. 2.2.11PACh. 2 - Prob. 2.2.12PACh. 2 - Prob. 2.2.13PACh. 2 - Prob. 2.2.14PACh. 2 - Prob. 2.2.15PACh. 2 - Prob. 2.3.1RQCh. 2 - Prob. 2.3.2RQCh. 2 - Prob. 2.3.3RQCh. 2 - Prob. 2.3.4RQCh. 2 - Prob. 2.3.5RQCh. 2 - Prob. 2.3.6RQCh. 2 - Prob. 2.3.7PACh. 2 - Prob. 2.3.8PACh. 2 - Prob. 2.3.9PACh. 2 - Prob. 2.3.10PACh. 2 - Prob. 2.3.11PACh. 2 - Prob. 2.3.12PACh. 2 - Prob. 2.3.13PACh. 2 - Prob. 2.3.14PACh. 2 - Prob. 2.3.15PACh. 2 - Prob. 2.3.16PA
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