Figure 2-4C.d.e.Wheat (bushels)PFigure 3-915A to EC to DD to C6Apples (bushels)1. In Figure 2-4, for which of the following would this statement be true: "To get more apples we have to giveup wheat." A movement froma.b.D to EB to CQSAQ Moonshine(1)ESDDсB615DDDQ Moonshine(2)XXQ Moonshine(3)6O Moonshine(4)2. "Moonshine" is illegal home brew made by adding sugar to accelerate corn fermentation. Ten pounds of sugarare necessary to make a gallon of moonshine. In the mid-1970s, the price of sugar tripled and the price ofmoonshine skyrocketed from $6 to $15 a gallon. Which graph in Figure 3-9 best illustrates this?a. 1b. 2C. 3d. 4

Answered: Figure 2-4 Wheat (bushels) C. d. e. Q A…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Figure 2-4
C.
d.
e.
Wheat (bushels)
P
Figure 3-9
15
A to E
C to D
D to C
6
Apples (bushels)
1. In Figure 2-4, for which of the following would this statement be true: "To get more apples we have to give
up wheat." A movement from
a.
b.
D to E
B to C
Q
S
A
Q Moonshine
(1)
E
S
D
D
с
B
6
15
D
D
D
Q Moonshine
(2)
XX
Q Moonshine
(3)
6
O Moonshine
(4)
2. "Moonshine" is illegal home brew made by adding sugar to accelerate corn fermentation. Ten pounds of sugar
are necessary to make a gallon of moonshine. In the mid-1970s, the price of sugar tripled and the price of
moonshine skyrocketed from $6 to $15 a gallon. Which graph in Figure 3-9 best illustrates this?
a. 1
b. 2
C. 3
d. 4

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Apple is taken on the horizontal axis and wheat is taken on the vertical axis. To get more apples by giving up wheat, we have to move from left to right on the given production possibility curve.

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