A shift outward of the production possibilities frontier line indicates what?

Q: With reference to the production possibility frontier: a) Draw a production possibility frontier,…

A: The curve for production possibilities shows various pairings of two commodities that can be…

Q: Pizzas (millions per year) 5 A 3 2 3 5 6 Tacos (millions per year) e figure above shows a nation's…

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

Q: Draw an example of a production possibilities frontier for Robinson Crusoe, a shipwrecked sailor who…

A: Assume Robinson works for 7 hours in a day to catch 1 fish or 1 unit of coconut per hour. Therefore…

Q: Using the possibiliting Frontier ExpRain the concept of Opportunity cost moving From D.toA and B to…

A: Answer -   Opportunity cost :- It is the cost that an individual need to pay to choose one option…

Q: Production Possibility Frontier. Draw a production possibility frontier for a society that produces…

A: The production possibility frontier refers to a graph that is generally concave to the origin and…

Q: how does technology affect the production possibility frontier/curve?

A: Production possibility frontier/curve (PPC) is a curve representing combinations of goods that an…

Q: A point inside a production possibilities frontier?

A: Production Possibility Frontier: It refers to the graphical representation of various possible…

Q: Using the table, draw the Production Possibility Frontier for Happyland.

A: Answer: Production possibility frontier: PPF is a curve that shows the different combinations of two…

Q: The opportunity cost of making pies is 1/2 for Josh, 1 for Ben, and 2 for John. Their joint…

A: The Production Possibilities Frontier (PPF)/ creation plausibility boondocks is a diagram that shows…

Q: nd and alfalfa on the rest. Barley Alfalfa (Bushels per acre) (Bushels per acre) Jake 40 8. Latasha…

A: Jake's can produce either 40 bushels of barley or 8 bushels of Alfalfa per acre of land Latasha can…

Q: Suppose you have midterms in economics and astronomy tomorrow, and you only have four hours left to…

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

Q: Under what conditions is the production possibilities frontier linear rather than bowed out?

A: Production possibility frontier shows the combinations of two goods that can be produced with the…

Q: Tom Brady should pay someone else to mow his lawn instead of mowing it himself, unless  a. Brady…

A: Answer: Correct option: (b) Explanation: Comparative advantage: when a person has the least…

Q: The graph below shows the production possibility curves for two hypothetical nations, Orin and Pohl,…

A: Opportunity cost of producing 1 unit of X = Y-intercept/X-intercept  Pohl's opportunity cost of…

Q: What are various forms of the Production Possibilities Frontier and what do they illustrate relative…

A: Answer: Introduction: Production possibility frontier (PPF): It is a graph that shows the possible…

Q: Maximum poSSible bination öf food and clothing that can be produced in a given period of time is…

A: When one wants to find out the different combinations of amounts of two commodities can be produced…

Q: I don't understand how to draw a production possibilities frontier.

A: The production possibility frontier (PPF) shows the combinations of output that the economy can…

Q: How is the PPF applicable to international trade?

A: How is the PPF applicable to international trade.

Q: (Table) Based on the table, what is Canada's opportunity cost of making one airplane: Canada's…

A: The PPC of country C is denoting the various combinations of airplanes and steel that they can…

Q: Why is a production possibility curve concave explain?

A: According to the given question A production possibility curve indicates a downward sloping curve…

Q: Problem 4 News Flash: Wliam fails his last economics midterm. He realizes that he has spent too much…

A: Answer: Introduction: PPF (Production possibilities frontier): it refers to the curve that shows…

Q: Vhich allocation point in the short-run production possibilities frontier (PPF) will ead to no…

A: All the points on the PPF are efficient and attainable. Points outside the PPF are not affordable…

Q: (a) What is the opportunity cost for Walton to produce a unit of AC?   (b) What is the opportunity…

A: Opportunity Cost is the benefit that would have been derived from the next best alternative but is…

Q: Graphing: Using the Production Possibilities Schedule above, make a Production Possibilities…

A: Combination Unit of bracelets Units of rings A 0 205 P 10 200 L 20 194 I 30 187 E 40 179…

Q: Among the following based on the Heckscher-Ohlin two good and two factor good model, the countries…

A: Production is the process of producing the products for consumption by combining the inputs.

Q: if a country's production possibilities boundary is drawn as a straight (downward -sloping) line…

A: Answer - Production Possibilities Curve - The production possibilities curve (PPC) is a graph that…

Q: During the second world war, Germany's factories were decimated. It also suffered many human…

A: A production–possibility frontier (PPF) or production possibility curve (PPC) is a curve which shows…

Q: What is the Production–possibility frontier curve? Explain it in reference of before Specialization…

A: In economics, different mathematical, statistical, and other tools are used to express the…

Q: Who has comparative advantage in water? Both Neither O Jill O Jack

A: Comparative advantage in trade refers to the ability of an individual, a firm, or a country to…

Q: The production possibility frontier (PPF) in the Grossman mödél is as below. "free-lunch" zone. C D…

A: Free lunch zone = Area where small improvements in health, yield large improvements in productive…

Q: What's does a production possibility frontier illustrates?

A: The production possibilities frontier(PPF) displays the productive capacity of a nation. A…

Q: What is the Production Possibility Frontier?

A: please find the answer below.

Q: A套第7页共10页 According to production possibility frontier of an economy in the two graphs below, answer…

A: The production plausibility frontier (PPF) is a bend outlining the shifting measures of two items…

Q: Assumptions are initial conditions made before production possibilities frontier (PPF) is built.…

A: The production-possibility frontier is a graph showing different variations of the quantities of two…

Q: Types of Production А В C D E Sandals 10 12 14 16 Boots 50 40 30 20 What is the opportunity cost of…

A: The production possibility frontier of an economy represents the trade-off an economy faces between…

Q: Assume the U.S. and Mexico do not trade and that both countries need some combination of cars and…

A: Production Possibilities Frontier: The production possibility frontier (PPF) is a curve that shows…

Q: What is the reason for increasing opportunity costs? Why do the production frontiers of different…

A: What is the reason for increasing opportunity costs? Answer: Opportunity cost is the value of the…

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: Types of Production A E Sandals 10 12 14 16 Boots 50 40 30 20 What is the opportunity cost of moving…

A: At point A, 0 sandals and 50 boots has been produced At point B, 10 sandals and 40 boots has been…

Q: economy which does not engage in the nternational trade -ne word

A: According to the given question In simple words we can say that international trade is exchange of…

Q: Bread C • В A • Steel The graph shows the production possibility frontier for a country that can use…

A: Production possibility frontier shows combinations of two goods that can be produced with the given…

Q: Lesotha has cither 20 rodios or 300 tons of maize. South Açaica has 200 workers, and cach cangraduce…

A: A production possibility frontier is a curve that illustrates the maximum possible output…

Q: Britain must give up the production of 75 hats to produce 25 additional sweaters. The opportunity…

A: In economics, opportunity cost provides significant information as it provides an overview of an…

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.