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![3.
Economic problems arise because
A.
Wants are unlimited
B. O ResOurces are scarce
C. O Scare resources have alternative
uses
D. O All of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcadf2634-22f6-4f1b-b2f9-a64d1361c780%2F577b3f50-8d3a-4926-bf54-39c9959e79af%2Fi6h8m0i_processed.jpeg&w=3840&q=75)
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- 2. Explain how do economists make rationale choices to allocate the scarce resources? V Dre thRefer to the table and figure below. Option A Option B Option C Option D Option E Option F 50 Production Options Output of Trucks per Day 50 40 30 20 10 0 Output of Tanks per Day 0 20 30 38 45 50 Production Possibilities CurveSituation in which the amount of an item available is less than people want; O a. Scarcity O b. Production Possibility Frontier O C. Resources Od Opportunity cost
- Reler to the producton possbity frortier below tor a town that produces Ice creams and Jelly beans. The maximum amount of loe creame is 50o0 with no Jety besne, or 20,000 Jely beans with no loe creams CREAMS 20,000 Answer brietly these TWO questions in the box space provided below Part A Assuming efficient production, derive the maximum amount of Jelly beans that can be produced along with 300 loe creams * Show your steps. Part Determine if the production point is feasible and efficient Ice creams 250, Jely beans = 8.000. Show your stepsQuantity of Guns Consider the figures above. In Economy B, the opportunity cost of making O A. butter in terms of guns is increasing. OC. butter in terms of guns is higher than in Economy A. O E. guns in terms of butter is decreasing. Production Possibilities Boundary Economy A Quantity of Butter 3 G Quantity of Guns Production Possibilities Boundary Economy B फेकलल Quantity of Butter 7 8 €ƠN OB. butter in terms of guns is decreasing. OD. butter in terms of guns is lower than in EconomyA.Below is the production possibilities table for consumer goods (maize) and capital goods (tractors):Type of productionProduction possibilities A B C D Emaize 30 27 21 12 0Tractors 0 2 4 6 8i. Show these data graphically. ii. If the economy is at point C, what is the cost of one more unit of maize? iii. Suppose improvement occurs in the technology of producing tractors but not in the technology of producing maize. Draw the new production possibilities curve. iv. Now assume that a technological advance occurs in producing maize but not in producing tractors. Draw the new production possibilities curve. v. Now draw a production possibilities curve that reflects technological improvement in the production of both goods.
- Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 40Point A B C D E Production chocolate bars 0 10 20 30 40 Production cans of cola 100 90 70 40 0 The above table shows production points on Sweet - Tooth Land's production possibilities frontier. Which of the following is an example of a point that is inefficient? A. 0 chocolate bars and 100 cans of cola OB. 38 chocolate bars and 0 cans of cola OC. 32 chocolate bars and 40 cans of cola OD. 20 chocolate bars and 80 cans of cola MEEDITyped plz and Asap Thanks
- Which of the following is not a scarce resource? Select one: O a. Labor, when the unemployment rate is near 10 percent O b. Sunshine for solar power in the deserts of Arizona O c. Factories used to produce personal computers O d. People able to repair industrial robots Oe. Fertile land in Kansasi will 10 upvotes urgent5. OYNAMICS x(xg -8x+4) dt do dt y(3x-y) SET BOTH AMO FIVD THE REUTIONSHIP BETWEEN * X SUCH THKT d- do GRAPH TIESE (w/ THE "ARRavs") - FINO X* t y" 9L MOHS DYMAMICS
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