4,800 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

Q: 360 264 144 48 50 170 320 440 500 Food

A: For 48 clothes,450 food can be produced.

Q: (plus symbols) represent three possible output levels in a given month. You can click on the points…

A: A  (PPF), creation probability bend (PPC), or creation probability limit (PPB), or change…

Q: Figure 1 shows the PPF for an economy that produces Food and Clothes. Which of the following…

A: A PPC measures the maximum level of output of two items using a   fixed amount of input. This input…

Q: 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

A: If it allocates all of its resources for butter 50000 butter would be produced.

Q: Elliot and Jordy find themselves on a deserted island. The only two activities available are fishing…

A: Comparative advantage is an individual's ability to produce a particular good or service at lower…

Q: Draw a production possibilities frontier (PPF) for oil and food, where food production (Qf) is in…

A: Two countries trade with one another on the basis of differences in factor endowments. The…

Q: Suppose the economy initially produces 12,000 pieces of clothing and 250 million barrels of oil,…

A: Loss of production of Steel in moving from point B to point C = 16 - 12 = 4  barrels of oil   So…

Q: If the resources used to produce two goods are specialized, then the production possibilities…

A:

Q: Toasters 35 30 25 20 15 10 5 0 10 20 30 40 50 60 70 Toothbrushes Refer to Figure 2-4. Suppose the…

A: We have given the production possibility curve for toothbrushes and toasters. The points on this…

Q: Which of the above 4 graphs best represents the change in the PPF if the economy decides to place a…

A: Production possibility curve refers to the graph which shows the combination of two goods produced…

Q: One last time, consider the case of Vil and Malleus from th previous questions. When Malleus starts…

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

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A: We consider Pareto criterion of efficiency which implies that  an allocation is said to be efficient…

Q: During the Second World War, Germany's factories were decimated and suffered many human casualties,…

A: Production possibility frontier refers to the locus of all efficient point of production level which…

Q: Figure 1 shows the PPF for an economy that produces Food and Clothes. What is the maximum amount of…

A: The production possibility curve shows the combination of output that can be produced in a country…

Q: a. Can point D be produced? Why?. b. What variable might shift the curve PPC1 to PPC2? What would…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for…

Q: 4. Shifts in production possibilities Suppose Japan produces two types of goods: agricultural and…

A: Production Possibility Frontier is the locus of different possible combinations of two goods that an…

Q: Which of the above 4 graphs best represents the change in the PPF if a tornado destroys part of the…

A: Production Possibility Curve (PPC): The PPC is a curve that shows the resource allocation for two…

Q: or each of the following separate parts, you are required to draw one or two graphs. Make sure that…

A: ‘Price elasticity’ of a good is the response in the demand of the good as the price of the good…

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

Q: Imagine that the economy in the future consists only of dogs. The figure below represents the…

A: The expense of giving up the next best option is known as the opportunity cost. Assume that three…

Q: Basketballs per Hour…

A: The production possibility curve or the production possibility frontier is the graphical…

Q: Suppose the economy initially produces 9,000 pieces of clothing and 500 million barrels of oil,…

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

Q: lease draw the two graphs with explanation, thank you Suppose that in the country of England, two…

A: International trade is a branch of economics that deals with the exchange of goods, capital flows…

Q: The economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and…

A: PPF is the production possibility frontier.PPF shows the production possibility of two goods in an…

Q: The following graph shows the production possibilities frontier (PPF) of an economy that produces…

A: Opportunity cost is the forgone profit that the producer would have gained if he had selected the…

Q: Step 3. Draw another PPF of the economy with the axes labeled. Grab another color…

A: The production possibility frontier refers to the curve that shows combinations of two goods that…

Q: part C and D needed only Consider the Production Possibility Frontiers of two countries,…

A: The act of purchasing, selling, or exchanging products or services between individuals, companies,…

Q: 1. Give an example to illustrate each of the following: (a) constant opportunity costs: (b)…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Suppose that Bob and Jimmy both have 10 hours of time that they can use to do one of two things:…

A: Given information: Number of hours = 10 Bob: 15 Hamburgers and 3 plates of Pasta per hour Jimmy : 8…

Q: Acme supply is analyzing a Production Possibilities Curve that compares the production of wrenches(…

A: Change in Y variable (Pliers) divided by change in X variable (Wrenches) is the slope of the PPF…

Q: What is the only way for a country to consume outside of its production possibilities curve?    A)…

A: Production possibility curve refers to graphical representation which shows efficient allocation of…

Q: Describe and indicate how each of the following would affect the U.S production possibilities…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

Q: Suppose the economy is currently producing at Point C. What is the opportunity cost of increasing…

A: Opportunity cost is the cost of the next best alternative foregone.It is the loss which is occured…

Q: DRAW A DECREASING OPPORTUNITY COSTS CURVE WHERE TANKS ARE ON THE X AXIS AND BUTTER IS ON THE Y AXIS.…

A: A decreasing opportunity cost curve indicates a decreases in opportunity cost as production goes up.…

Q: Figure 1 shows the PPF for an economy that produces Food and Clothes. Which of the following…

A: We have given four production bundle  Bundle A contains 50 food and 360 clothes. Bundle B contains…

Q: opportunity cost

A: The answer is C) 700

Q: 264 144 48 50 170 320 440 500 Food

A: Because all the resources are used to produce food,0 clothes will be produced.