An outward shift of a production possibilities curve can be caused by a. planting a more profitable farm crop b. improving technology c. using idle resources d. changing consumer preferences e. increasing the minimum wage
Q: lease manually solve each and show equations used Thank You A certain manufacturing plant is being ...
A: Engineering economics, formerly known as engineering economy, is a branch of economics concerned wit...
Q: Question 17 Figure 3: Production possibilities frontier baneries bagels Refer to figure 3. Which of ...
A: Which of the following events would explain the shift of the production possibilities frontier from ...
Q: Mr. Alhambra has instructed his bank to establish a trust fund that will provide P10,000 per year fo...
A: Interest= 5% P= in 5 years is 10,000 10 yrs is 8,000
Q: Recent history of the developing country financial crisis. only need names and little explanation ...
A: The financial and economic crisis made a huge impact on developing countries, however, the effects w...
Q: Question Under what conditions would a transfer of income from the richest 10% of the population to ...
A:
Q: Q: What contributed to the growth in business in the 1920's? Select one: a. the Federal Reserve kept...
A: Economic growth is the objective of each and every country. It refers to the consistent rise in GDP ...
Q: 2. A construction firm plans to purchase new excavator. Two manufacturers offered to company with th...
A: Here we will compare these two options using PW method. The economic life is different here so we w...
Q: A firm will most likely decide to decrease production, if its OA. MC>0. O B. MR> MC. OC. MR <MC. O D...
A: A profit-maximizing firm operate at the point where its marginal cost is equal to marginal revenue.
Q: FIGURE 2-13 Product Markets Households Firms Factor Markets Refer to Figure 2-13. Which of the follo...
A:
Q: In a perfectly competitive market A) only producers are price makers. B) all producers and con...
A: Perfect competition is said to exist when there is a large number of buyers and sellers of a commodi...
Q: Table 2: Quantity demanded and supply for a given market Price Quantity Quantity Demanded Supplied $...
A: From the table: Equilibrium price = $6 Equilibrium quantity = 30
Q: Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the dia...
A: Indifference Curve:- An indifference curve is a graphical representation that depicts the bundle of ...
Q: Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity o...
A: opportunity cost is the forgone benefit that would have been derived from an option not chosen. To p...
Q: In no fewer than 350 words, Why is technical writing important in our everyday lives?
A: Technical writing is written to educate, instruct, or lead someone on how to do a task.
Q: When the author states thal I anthropologv is comparative what do they mean A. anthropologists compa...
A: Anthropology is the scientific study of humanity's behaviour, biology, cultures, communities, and li...
Q: Given the existing problems with its airbag system, Honda Motors has experienced a decline in sales...
A: An airbag is a driver and passenger system in a car that uses a bag that inflates and deflates quick...
Q: What do you understand by the concepts of intra temporal choice models in Managerial Economics? Thi...
A: Managerial economics is a discipline of economics concerned with the use of economic methods in the ...
Q: Which of the following data is cheapest to collect A. Canadian Census data on unemployment B. None o...
A: Wheb talking about collection of data, there are different sources to gather information for a speci...
Q: With an example, illustrate how the multiple deposit contraction process influences money supply.
A: Deposit Contraction - If banks have extra reserves, they can lend more and expand the money supply. ...
Q: 2. The liquidity of an asset is A. the ease with which you can sell the asset. B. the speed at whi...
A: The economies around the globe tend to face a limit to the amount of resources which they have. This...
Q: e the quantity they buy from 1,750 pizzas a day to 2,250 pizzas a day. Calculate the price elastici...
A: given decrease in price = 10 % old quantity = 1750 new quantity demanded = 2250 %age change in quant...
Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...
A: In a market, any change in technology will have a significant impact on the supply of output because...
Q: Table 1: The following table contains some production possibilities for an economy for a given year ...
A: The answer is - Option 4: 4000 < x < 4600
Q: Soccer Games $40 Baseball Games $20 Total Marginal Total Marginal Utility Utility Quantity MU/P Quan...
A: We know that the marginal utility is the additional utility gain from consuming one more unit of a g...
Q: In the mean-standard deviation graph, the line that connects the risk-free rate and the market portf...
A: I have solved the questions below using CAPM
Q: give brief meaning and example of institutional, political, and economic rigidities in the philippin...
A: Economic institutions are well-established arrangements and structures that are part of a culture or...
Q: Suppose that Paul tells you that his optimal bundle is bundle B. Using this information, show in th...
A: The indifference curve is a graph that depicts various combinations of two commodities that deliver ...
Q: A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In...
A: here we calculate the following terms by using the given information , and conclude the answer , so ...
Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...
A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel
Q: When the price of chicken unexpectedly rises, many consumers choose to purchase corned beef instead...
A: Substitute goods are those goods whose elasticity is positive. It is the product which is used as al...
Q: is a levered bank, while Is an unlevered bank. Assume that both banks offer an annual rate of 4% on ...
A: Hi! thanks for the question but as per the guidelines, we can answer up to three parts at one time. ...
Q: The president of a growing firm wishes to give each of 13 employees a holiday bonus. How much is nee...
A: We use the following formula, F = C [ { (1+i)n - 1 } / i ] (1+i)
Q: If $500 is deposited in a savings account at the beginning of each year for 15 years and the account...
A: * SOLUTION :-
Q: If Coke price goes down, what happens to Pepsi's demand? Why?
A: Answer to the question is as follows:
Q: Three economic questions must be determined in all societies. What are they? What goods will be prod...
A: Three economic questions must be determined in all societies .what are they.
Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...
A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel
Q: Panel a Panel b price price Pe Ре Pe' 1. Pe' D D' Qe Qe' quantity Qe' Qe quantity Refer to figure 6....
A: Demand in economics means the willingness of consumers to buy different amounts of goods and service...
Q: FIGURE 2-10 Apples (bushels) Refer to Figure 2-10. What movement along the production possibilities ...
A:
Q: eferences can be represented by the utility function 1 u(x, y) : x +2/y. = - 2 me Zack has income m ...
A: The equilibrium is set up where the slope of indifference curve is equal to the slope of budget line...
Q: For each of the following statements, illustrate the effect of each event on the market for red sna...
A: The equilibrium price is the only price at which the plans of consumers and producers coincide—that ...
Q: Let a consumer's indirect utility function for two goods be described as follows: 20m 5p1 + P1 v(p, ...
A: An indirect utility curve is a function of the consumer's income and the prices of the two commoditi...
Q: 1. As we saw in problem set 2, the Bureau of Labor Statistics reported that the United States labor ...
A: Given that, labour force of Country US =162294000 2.0% labour force engaged in R&D=2100×16229400...
Q: In the short‑run specific‑factors model, consider a decrease in the stock of land. For example, supp...
A: a. The decrease in arable land will decrease the supply of land for planting crops therefore supply ...
Q: Quantity demanded of Beef (QB) is a function of price of beef (PB), price of mutton (PM) and income ...
A: Given: Function: QB=5200-1.5PB+2.5PM+0.25Y
Q: Real GDP Consumption Planned investment Planned aggregate Unplanned inventory (in billions) (in bill...
A: * SOLUTION :- Given that,
Q: Suppose Guyana Power and Light (GPL) faces the market demand and cost function below, calculate the ...
A:
Q: If the Fed lowers the federal funds rate so that the exchange rate falls, then imports ________ and ...
A: The fall in the exchange rate implies the fall in the value of currency or depreciation of currency ...
Q: SOLVE IT USING 1.) Present Worth Cost Method2.) Equivalent Uniform Annual Cost Method
A: Given: Machine A: First Cost=P 12000 Machine B: First Cost=P 17000
Q: If you know that total fixed cost is $400, total variable cost is $200, and total output is 4 units,...
A: Total fixed cost is the cost that does not change as the level of output changes. For example, depr...
Q: Given the demand and supply equations below, show the burden of a 50% tax on the producers. What is ...
A: Answer -
An outward shift of a production possibilities curve can be caused by
Answer:
PPF shifts outward when the overall production capacity of the economy increases. Production capacity can increase due to the increase in resources and due to improvement in the technology of production. Improved technology will increase the productivity of available resources and the economy can produce more of all the goods using the available resouces.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A dairy farmer decides to use automatic milking machines instead of milking by hand. Which economic question is answered by his decision? Select one: ○ a. How to produce? b. For whom to produce? ○ c. Should milk be produced? ○ d. What to produce?In deciding to produce a given good, an individual would always choose A. The process that uses the most capital goods B. The most productive process available C. The shortest and most productive process available D. The shortest process availableA production possibility frontier corn. The farmer can grow 80 bushels of soybeans or 160 bushels of corn on each acre of land. The price of soybeans is $13.20 per bushel. The price of corn is $5.85 per bushel. A farmer can grow soybeans or What is the opportunity cost (in dollars) per acre to grow soybeans? Corn? Which crop (pick only one) do you think the farmer will produce? Why?
- What does the number of buyers affect? A. all individual supply curves B. the market supply curve C. production possibilities frontier D. the market demand curveproduction possibilities frontier can shift outward if Select one: a. government increases the amount of money in the economy. b. there is a technological improvement. c. the economy abandons inefficient production methods in favour of efficient production methods. d. resources are shifted from the production of one good to the production of the other good.Scarcity is a condition that exists when A. there is a fixed supply of resources relative to the demand for the product. B. there is a large demand for the product. C. resources are not able to meet the entire demand for a product. D. All of the above.
- Every point on the production possibilities curve represents? a. a greater increase in supply b. an efficient use of rescources c. an inefficient use of resources d. a greater increase in demandA production possibilities curve can shift inward if there is a. an increase in productivity b. an increase in unemployment c. an increase in the price of raw materials d. a misallocation of resources e. a natural disasterPoint Pizzas Airplanes A 0 200 B 80 160 C 120 100 D 140 0 Is the production combination of 120 pizzas and 110 airplanes inside, outside, or on the country's PFF and is this production attainable? is the production combination of 100 pizzas and 100 airplanes inside, outside, or on the country's PFF and is this production combination attainable?
- Ray bought two WVU football tickets for $100 each. However, he has won a free vacation and won’t be able to attend the game. A ticket scalper offers him $40 for each ticket before he leaves town. Calculate the opportunity cost. $0 $80 $200 $100 $120Suppose there is a 6 percent increase in the price of good X and a resulting 6 percent decrease in the quantity of X demanded. Price elasticity of demand for X is А. 36 C. 6. D. B.Please solve the problem of microeconomics with the full step. Im needed max in 30-60 minutes thank u