565995CALCULATIONSCapital Goods16755559 CH14131211100 12More ←Saving3Consumption Goods ProducedCapital Goods Produced4567 8Production Possibilities (Present)Production Possibilities (Future)9 10 11 12 13 14 15Consumption GoodsMoreConsumption4.07.5HelpSave & Exit CALCULATIONS5432H10 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15Consumption GoodsMoreSavingConsumption Goods ProducedCapital Goods Produced67CCMoreConsumption#4.07.5Instructions: Adjust the slider and gather information from the graph to answer the following questions.a) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produceusing all of its resources?9.4Help) If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future.how many units of capital goods can it produce in the future?report your answer to one decimal placeNext >Save & Exit) If a country produces 4 units of consumption goods now, and then it produces 2 consumption goods in the future, how manyf capital goods can it produce in the future?report your answer to one decimal place

Let's denote the production of consumption goods as C and the production of capital goods as K. We…

CALCULATIONS More Saving 3 4 5 6 7 8 9 10 11 12 13 14 15 Consumption Goods Consumption Goods Produced Capital Goods Produced More Consumption 4.0 7.5 "nstructions: Adjust the slider and gather information from the graph to answer the following questions. ) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce sing all of its resources? 9.4 If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future. Ow many units of capital goods can it produce in the future? report your answer to one decimal place If a country produces 4 units of consumption goods now and then it produces 2 consumption goods in the future, how many capital goods can it produce in the future? report your answer to one decimal place

CALCULATIONS More Saving 3 4 5 6 7 8 9 10 11 12 13 14 15 Consumption Goods Consumption Goods Produced Capital Goods Produced More Consumption 4.0 7.5 "nstructions: Adjust the slider and gather information from the graph to answer the following questions. ) If a country produces 2 units of consumption goods, how many units of capital goods can it currently produce sing all of its resources? 9.4 If a country produces 2 units of consumption goods now, and it continues to produce 2 consumption goods goods in the future. Ow many units of capital goods can it produce in the future? report your answer to one decimal place If a country produces 4 units of consumption goods now and then it produces 2 consumption goods in the future, how many capital goods can it produce in the future? report your answer to one decimal place

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. What are economic resources? What categories do economists use to classify them? Why are. resources also called factors of production? Why are they called inputs? Economic resources are the natural, human, and manufactured inputs used to produce goods and services. Economic resources fall into four main categories: and ) because they are used to produce Economic resources are also called (f goods and services. They are calledinputs) because they go in to a production process (like ingredients go into a bowl to make a cake), with the resulting goods and services also being referred to as output. of
Suppose that 10 workers were required in 2010 to produce 40,000 bushels of wheat on a 1,000-acre farm. a. What is the average output per acre? Per worker? b. If in 2020 only 8 workers produce 44,000 bushels of wheat on that same 1,000-acre farm, what will be the average output per acre? Per worker? c. By what percentage does productivity (output per worker) increase over those 10 years? Over those 10 years, what is the average annual percentage increase in productivity?
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Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow. Capital goods Consumer goods Figure 2.1 Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more consumer goods O only by sacrificing some capital goods. O without sacrificing any capital goods. O only with additional resources. O only with technological improvements.
The GDP of the U.S. represents about O 25 O 35 O 45 O 55 % of the GDP of the world.
3/25/22, 10:54 PM Assignment Print View 3. The graphs below show the production possibilities frontiers for apples and peaches in Italy and Turkey. (i Italy's Production Possibilities 4.0 3.6 3.2 2.8 A 2.4 2.0 1.6 1.2 0.8 0.4 Peaches (millions of tons) https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=3.&postSubmissionView=13252718360410217&wid=13252718466068729&rol... 1/3 5.2 4.8 4.4 Y4.0 3.6 3.2 2.8 2.4 2.0 1.6 0.8 0.4 Apples (millions of tons)
09. If Portugal has a total of 90 man-hours of resources available for production, while England has only 30, what are the resource costs of wine and cloth ? a) wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. b) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. c) cloth costs 2 man-hours/yard and wine costs 1 man-hours/bottle in Portugal. d) wine costs 1/2 yards/bottle and cloth costs 2 bottles/yard in Portugal.
6. Shifts in production possibilities Suppose Argentina produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities curve (PPC) for barley, an agricultural good, and airplanes, a capital good. Drag the production possibilities curve (PPC) on the graph to show the effects of a time-saving innovation in the manufacturing of airplanes. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. AIRPLANES (Thousands) 180 150 120 8 O 60 30 0 0 70 PPC 140 210 280 BARLEY (Millions of bushels) 350 420 PPC
2. The determinants of productivity Consider a simple economy whose only industry is weaving. In this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of garments one weaver makes per hour. In the following table, match each example to the productivity determinant it represents. Human Capital Technological Knowledge Natural Resources Physical Capital per Worker Examples per Worker per Worker A special technique that workers can use to create stronger textiles The looms used to weave the textiles The grasslands supporting the sheep whose wool is used for weaving The accumulated weaving experience of the workforce
4. Problems and Applications Q4 Suppose that there are 10 million workers in Japan and that each of these workers can produce either 2 cars or 20 bushels of wheat in a year. bushels of wheat, and the opportunity cost of producing a bushel of wheat in Japan is The opportunity cost of producing a car in Japan is 201 1/10 cars. Use the blue line (circle symbol) to draw Japan's pr 5 indicate the consumption bundle Japan can achieve 10 Cars (millions) 20 18 16 14 12 10 8 4 2 0 0 1/10 50 20 possibilities frontier (PPF) on the following graph. Then use the black point (plus symbol) to trade if it chooses to consume 15 million cars. 100 150 200 250 300 350 400 Wheat (millions of bushels) PPF + Without Trade With Trade Now suppose that the United States offers to buy 5 million cars from Japan in exchange for 150 million bushels of wheat.
12:41 PM O 94 Homework 4 1. Short Answer According to existing general labor productivity level of shoemaking branch, worker produces 2 pairs of shoes in 12 hours labour day, the value of each pair of shoes is 12 yuan, among them production data transfers value is 9 yuan, new creation value is 3 yuan, how much is new creation value created by worker in two pairs of shoes? If labor productivity is doubled and four pairs of shoes are produced, what is the transfer value of the means of production? If new creation value is changeless, how much excess surplus value will obtained by 4 pairs of shoes? 输入答案

8. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. There are 1 million workers in each country. Use the blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. Quantity of Computers (Millions) 30 27 24 21 is 18 15 12 9 6 3 0 0 10 20 30 50 60 70 Quantity of Shirts (Millions) 40 90 100 If these countries were open to trade, trade. U.S. PPF China PPF + Suppose that without trade the workers in each country spend half their time producing each good. U.S. without Trade Use the black point (plus symbol) to indicate this production and consumption point for the United States, and use the grey point (star symbol) to indicate this production and consumption point for China. True or False: There are no longer gains from trade. China…