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2. What is gained by choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? What is the opportunity cost of choosing to produce at poin C, instead of at point B on graph b (the 2nd graph)? 3. Calculate the slopes between points B &C and between C &D on Graph A; Calculate the slopes between points B &C and C&D on Graph B? 4. What did you conclude between the two PPF graphs based on the results of the slopes?

2. What is gained by choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? What is the opportunity cost of choosing to produce at poin C, instead of at point B on graph b (the 2nd graph)? 3. Calculate the slopes between points B &C and between C &D on Graph A; Calculate the slopes between points B &C and C&D on Graph B? 4. What did you conclude between the two PPF graphs based on the results of the slopes?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hello, could you please help me answering questions 2 and 4 in the photo?

Please and thank you

Downloads/Arnold%20Chapter%202%20Class%20Activity%20Questions%20-%20Macro-1.pdf 5 / 8 110% + 回の Part 4. Economic Equations and Graphs Polnt In Part (b> TITT CombInatio Dooks Coffee mak ere Polnt In Part (b) Shirts Combinatlon Cell P hone (m) Shirts Coffoo Makora (b) (b) 1. In the above PPF graphs which of the points on the two PPF graphs represent production efficiency points? Why? 2. What is gained by choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? What is the opportunity cost of choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? 3. Calculate the slopes between points B & C and between C & D on Graph A; Calculate the slopes between points B &C and C & D on Graph B? 4. What did you conclude between the two PPF graphs based on the results of the slopes? 5. In the above PPF graphs which one represent constant opportunity costs and which one represents increasing opportunity costs? Why? 6. In the following PPF graphs Which one depicts a technological breakthrough in the production of civilian goods only and Which one depicts expansion of resources quantitatively and qualitatively in the production of both civilian goods and military goods? Explain. Show A Cal Prones N.
Transcribed Image Text:Downloads/Arnold%20Chapter%202%20Class%20Activity%20Questions%20-%20Macro-1.pdf 5 / 8 110% + 回の Part 4. Economic Equations and Graphs Polnt In Part (b> TITT CombInatio Dooks Coffee mak ere Polnt In Part (b) Shirts Combinatlon Cell P hone (m) Shirts Coffoo Makora (b) (b) 1. In the above PPF graphs which of the points on the two PPF graphs represent production efficiency points? Why? 2. What is gained by choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? What is the opportunity cost of choosing to produce at point C, instead of at point B on graph b (the 2nd graph)? 3. Calculate the slopes between points B & C and between C & D on Graph A; Calculate the slopes between points B &C and C & D on Graph B? 4. What did you conclude between the two PPF graphs based on the results of the slopes? 5. In the above PPF graphs which one represent constant opportunity costs and which one represents increasing opportunity costs? Why? 6. In the following PPF graphs Which one depicts a technological breakthrough in the production of civilian goods only and Which one depicts expansion of resources quantitatively and qualitatively in the production of both civilian goods and military goods? Explain. Show A Cal Prones N.
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Production possibility curve (PPF)  is a curve which shows various combinations of the amounts of two goods which can be produced within the given resources and technology. 

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