a. At which point(s) is this society producing some of each type of output but producing inefficiently? b. At which point(s) is this society producing the most output possible with the available resources and c. At which point(s) is the output combination unattainable with available resources and technology? technology? A O B and C and D and E X A A and B O None of these answers None of these answers E and F F O A and B and C and D and None of these answers OB and C and D A and B and C and D E E . Which curve(s) could represent the change that would occur if the resources of this society increased? O PPC1 or PPC2 or PPC3 O PPC2 or PPC3 PPC1 None of these answers
a. At which point(s) is this society producing some of each type of output but producing inefficiently? b. At which point(s) is this society producing the most output possible with the available resources and c. At which point(s) is the output combination unattainable with available resources and technology? technology? A O B and C and D and E X A A and B O None of these answers None of these answers E and F F O A and B and C and D and None of these answers OB and C and D A and B and C and D E E . Which curve(s) could represent the change that would occur if the resources of this society increased? O PPC1 or PPC2 or PPC3 O PPC2 or PPC3 PPC1 None of these answers
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Going over some homework questions I got wrong, trying to understand where I misunderstood.
Transcribed Image Text:Use the figure below to answer the following questions. Assume the economy is currently at PPC4.
E
F
D
A
PPC ,
PPC 4
PPC
2
PPC
3
Output of Tanks (per day)
Instructions: Select the single best answer for parts a through e.
Output of Trucks (per day)
B.
Transcribed Image Text:a. At which point(s) is this society
producing some of each type of output
but producing inefficiently?
b. At which point(s) is this society
producing the most output possible
with the available resources and
c. At which point(s) is the output
combination unattainable with
available resources and technology?
technology?
А
B and C and D and E
A
A and B
None of these answers
None of these answers
E and F
F
A and B and C and D and I
None of these answers
В and C аnd D
F
A and B and C and D
E
E
d. Which curve(s) could represent the change that would occur if the resources of this society increased?
PPC1 or PPC2 or PPC3 8
O PPC2 or PPC3
O PPC1
None of these answers
e. Which curve(s) could represent the change that would occur with a huge natural disaster that destroyed one-third of production
сарacity?
None of these answers
PPC3 8
PPC1 or PPC2 or PPC3
PPC1 or PPC3
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