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Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp 11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?

Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp 11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 12RQ: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
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Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp
Transcribed Image Text:Im save and benioré competitive iri de market." 7. Use the PPF below to answer the following questions: Pitchforks 24 22 20 18 16 14 12 10 8 6 4 D 10 30 50 70 90 110 Torches a. Label each point below as efficient, inefficient, or unattainable: inefficient A B efficient C inefficient D unattainable but efficient E efficient b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)? M 31 hp
11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?
Transcribed Image Text:11:02 ■ill 5G Х 7. Use the PPF below to answer the following questions: Pitchforks 22 D 20 18 26 B 12 10 Torches a. Label each point below as efficient, inefficient, or unattainable: A B C D E b. What is the output combination at point B? Torches Pitchforks c. If the economy produced only torches, how many could it produce? Anna Laczak d. Why can't the economy produce at point D? e. State one reason why the economy may be able to produce at point D in the future. f. If the economy shifts from point B to point E, what is its opportunity cost (include the quantity)?
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