Please explain and demonstrate the following questions. Refer to the table below, which shows the maximum number of goods X and Y that producers A and B can produce in one day. Q15. If there are 20 units of good X being produced efficiently each day, how many units of good Y will be produced each day? a) 30 b) 40 c) 50 d) 60 Q16. If there are 20 units of good Y being produced efficiently each day, how many units of good X will be produced each day? a) 40 b) 60 c) 80 d) 100

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A: Opportunity cost (OC), is the loss of Quantity of a good which when another good is being produced.

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Q: FIGURE 2-4 Production possibilities curve Food Refer to Figure 2-4. Which of the following best…

A: Here, ghr given graph shows a production possibility curve with Point A and Point D

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A: Absolute advantage refers to the ability to produce more goods and services than the competitor.…

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Q15. If there are 20 units of good X being produced efficiently each day, how many units of good Y…

A: Efficient producer is such a producer which is able to produce a particular good at a lower…

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A: Given, Each plant works up-to 250 days in a year Plant A can produce= 10 units of good X or 5 units…

Q: 40 PPF 3 30 P 20 10 PPF 2 PPF 1 10 20 30 40 50 product X product Y

A: Production possibility frontiers explain the trade off between two goods or services.

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A: * ANSWER :-

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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.