Compare the points inside the PPF and outside the PPF. Explain.

Q: nomy produces capital and consumer goods. Discuss the impact on the PPF due to the following: (a)…

A: Given, economy produces two goods- Capital and consumer goods The PPF also shows the combination of…

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

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

Q: Draw and explain a production possibilities frontier for an economy that produces milk and flowers.…

A: Production Possibility Frontier : The Production Possibility Frontier shows the combination of two…

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: What is PPP? Important of PPP and the challenges of PPP

A: Purchasing Power Parity (PPP) is defined as a popular metric which is used by macroeconomic analysts…

Q: Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1 hour. a)…

A:

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: 5. Economic growth and PPCs PPC₁ shows the current production possibilities curve (PPC) for the…

A: Production possibility frontier is a curve is a curve that displays the assortment of items that can…

Q: Barbara and Antoni each work 8 hours a day producing lemonade and pizza. In eight hours, Antoni can…

A: The following graph represents the PPF of Antoni and Barbara;

Q: 1. Suppose you are a farmer with 20 hectares of land on which you could grow either wheat or barley.…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

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: 3. Country A and Country B are two countries that each produce t-shirts (T) and sneakers (S). From…

A: A country’s PPF measures various combinations of two products that can be produced with the…

Q: Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland.

A: The production possibility frontier (PPF) is a locus of different combination of two goods or…

Q: D. Assume this economy experienced recession due to a pandemic that caused massive unemployment.…

A: Given, Combination G F E D C B A Potato  (in thousand MT) 105 99 90 75…

Q: An economy produces capital and consumer goods. Discuss the impact on the PPF due to the following:…

A: Answer: Introduction: Production possibility frontier (PPF): it refers to the graphical…

Q: Assume an economy producing only two goods (shoes and computers) with a fixed amount of productive…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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

A: The point which lies on the production frontier path is feasible as well as efficient.  In this…

Q: Use the diagram below to answer the questions that follow. M- N CONSUMER GOODS (a) What change could…

A: Production possibility frontier can be explained as is the efficiency area of the production of…

Q: Give a specific example of what would cause the PPF to shift outward.     Give a specific example…

A: Production possibility frontier is also known as production possibility curve or production…

Q: g. If the two countries decided to produce corn and peanut together as one business, draw the…

A: Alpha has a comparative advantage in the production of peanuts and Beta has a comparative advantage…

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.

Q: b. Illustrate a PPC for cars and books.                  c. Give economic meaning to this PPC.…

A:

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

A: A production possibilities frontier (PPF) is a curve that represents the combination of two goods…

Q: What is the opportunity cost of Y for PPF 1?     a) ½ of X     b) 2 of X     c) 1/3 of X…

A: In microeconomics theory, opportunity cost is the loss or the benefit that could have been enjoyed…

Q: Country A and Country B are two countries that each produce t-shirts (T) and sneakers (S). From its…

A: The PPF indicates the highest possible combination of two goods or services that the economy can…

Q: Draw a PPF graph for a farm producing two products (RICE & WHEAT) that illustrates increasing…

A: A production possibility curve (PPC), also knows as the production possibility frontier (PPF), shows…

Q: Production Alternatives Type of Production A B D. E Automobiles 4 8. Forklifts 30 27 21 12 a. Show…

A: c) Producing 3 automobiles and 20 forklifts, here it can be said that the resources here are left…

Q: Meanwhile, in the country of Portugal, wool and wine can also be produced according to a linear PPF.…

A: Given: Portugal produces wool and wine.  When all the resources are incorporated in the production…

Q: 4. An increase in the nation's capital stock will   shift the PPC outward. move the nation from…

A: NOTE: We'll answer the first question, since the exact one isn't specified. Please submit a new…

Q: 6. (Production Possibilities) Suppose an economy uses two resources (labor and capital) to produce…

A: The fall in the supply of capital = 10% The increase in labor supply = 10%

Q: The following graphs show two possible PPFS for South Africa's economy: a straight-line PPF (PPF¡)…

A: Production possibility frontier: - it is the graphical representation of different combinations of…

Q: Question 4 Productive efficiency is recognized in which case ? all choices inside the PPF all…

A: Productive efficiency is referred to as the impossibility of production of one more unit of output…

Q: Refer to the figure below of Mindy and Patrick's PPF's. Which of the following statements is true?…

A: Production Possibility Frontier (PPF) is the combination of the resources that can be used to…

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

A: In the given diagram, an economy produces two goods i.e. LOCOMOTIVE and ALFALFA. In this, the…

Q: C. Is point B efficient? Why?

A: Production possibility frontier shows all possible combinations of production bundles that make…

Q: part D E F needed  Consider Points A, B, C, D, E, F and G. a. Which points are inefficient?…

A: d) In the given picture, the shape of the PPF curve is concave which implies the diminishing…

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

A: In an economy, PPF is a Graphical economic analysis of the total output produced with the available…

Q: 1. Assume you are on an iceland, where you can produce different combinations of coconuts and fish…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Guns 5,900 5,500 4,800 3,600 1,900 10,00 20,00 30,00 40,00 50,00 Butter

A: Answer is B) 20000.

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

A: Opportunity cost=sacrifice/gain 3600-1900/10000=1700/10000

Q: This question is a file-upload question. Work your answer in a piece of paper, take a picture with…

A: Production possibilities are various combinations of two goods that a country can produce over a…

Q: Please assist;   An economy produces capital and consumer goods. Discuss the impact on the PPF due…

A: Given that is an economy produces capital and consumer goods, it implies a rise in the production of…