K The figure shows the production possibilities frontier for Felicia's Fine Foods, a petfood producer Draw a point that is attainable Label it Attainable Draw a point that is not attainable Label it Unattainable On a graph, where are the attainable points? Attainable points are A. on the PPF but not inside the PPF OB. inside the PPF but not on the PPF OC. outside the PPF OD. inside and on the PPF G D A 100- 90 80 70- 60 50- 40- 30- 10- Cat food (cans per month) 10 per month) 12 Dog food (cans >>> Draw only the objects specified in the question ROO

K The figure shows the production possibilities frontier for Felicia's Fine Foods, a petfood producer Draw a point that is attainable Label it Attainable Draw a point that is not attainable Label it Unattainable On a graph, where are the attainable points? Attainable points are A. on the PPF but not inside the PPF OB. inside the PPF but not on the PPF OC. outside the PPF OD. inside and on the PPF G D A 100- 90 80 70- 60 50- 40- 30- 10- Cat food (cans per month) 10 per month) 12 Dog food (cans >>> Draw only the objects specified in the question ROO

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 6P

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.

Question

K
The figure shows the production possibilities frontier for Felicia's Fine Foods, a petfood producer
Draw a point that is attainable. Label it Attainable
Draw a point that is not attainable. Label it Unattainable
On a graph, where are the attainable points?
Attainable points are
A. on the PPF but not inside the PPF
OB. inside the PPF but not on the PPF
OC. outside the PPF
OD. inside and on the PPF
G
D
A
100
90
30.
70-
60-
50-
30-
10-
Cat food (cans per month)
Dog
>>> Draw only the objects
PPF
food (cans per month)
10
12
specified in the question
ROO

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Step 1: Define production possibility frontier

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Step 2: Draw the PPF curve showing attainable and not attainable points

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Step 3: Determine the attainable points

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Step 4: Explain the incorrect options

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The table shows Yucatan's production possibities, Food (pounds per month) Food (pounds per month) 200 Sunscreen (gallons per month) and 200 100 and 400 50 and 600 and 800 150- Draw the four points defined in the table. Use the four-point line tool to draw the PPF. Label it. 100 100 IH Yucatan produces 100 pounds of food per month, it must produce 400 galions of sunscreen to achieve production efficiency 50 The opportunity cost of 1 pound of food isegallons of le00 400 Sunscreen (galons per month) le00 sunscreen 200 1000 The opportunity cost of 1 gallon of sunscroen isO pounds of food. > Answer to 2 decmal places. » Draw only the objects specified in the question
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