Nijhum Dwip is a small, isolated island in the Bay of Bengal. The inhabitants grow coconuts and catch fish. The accompanying table shows the maximum annual output combinations of coconuts and fish that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for coconut production, there are fewer resources available for catching fish. POINT Quantity of coconuts (kg) Quantity of fish (kg) A 1000 B 800 300 600 500 D 400 600 E 200 650 F 675 a. Draw a production possibility frontier (PPF) with coconuts on the horizontal axis and fish on the vertical axis illustrating these options, showing points A–F. b. Can Nijhum Dwip produce 600 kg of coconuts and 800 kg of fish? Explain. c. What is the opportunity cost of increasing the annual output of coconuts from 200 to 400 kg?

Nijhum Dwip is a small, isolated island in the Bay of Bengal. The inhabitants grow coconuts and catch fish. The accompanying table shows the maximum annual output combinations of coconuts and fish that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for coconut production, there are fewer resources available for catching fish. POINT Quantity of coconuts (kg) Quantity of fish (kg) A 1000 B 800 300 600 500 D 400 600 E 200 650 F 675 a. Draw a production possibility frontier (PPF) with coconuts on the horizontal axis and fish on the vertical axis illustrating these options, showing points A–F. b. Can Nijhum Dwip produce 600 kg of coconuts and 800 kg of fish? Explain. c. What is the opportunity cost of increasing the annual output of coconuts from 200 to 400 kg?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterA: The Use Of Mathematics In Principles Of Economics

Section: Chapter Questions

Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?

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ChatGPT efe-5535-4186-8898-a97f30902ebc + utomatically save as you proceed through the test. Question 13 11/42 answered Ō Time Remaining: 39m Answers are saved Hide 19s automatically Which points represent a production level that could be economically efficient? Select all that apply. [Image description: The graph below shows the production possibilities frontier for sedans and convertibles. Vertical axis is thousands of sedans and horizontal axis is thousands of convertibles. There are four points on the graph, labelled A through D. Point A is inside the PPF. Points B and C lie on the PPF at different positions. Lastly, Point D is outside of the PPF.] Thousands of sedans 12 D 10 B 8 6 T 2 C A 0- 0 2 4 6 8 10 12 Thousands of convertibles Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a A Q Search 口 9: 6/7
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