Question 3 Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State all that applies.] Select one or more: O attainable O unattainable efficient O inefficient
Question 3 Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State all that applies.] Select one or more: O attainable O unattainable efficient O inefficient
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 19CTQ: Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers...
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![Question 3
Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B
yields 2 units whereas each hour devoted to Good A produces 4 units.
(a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State
all that applies.]
Select one or more:
attainable
unattainable
efficient
inefficient](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce98e88c-afad-4d24-9489-05e3f992006b%2Fcc3c9487-686e-4861-a1f9-9717b1f6d0df%2F5gj6ike_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 3
Person 1 can allocate her 8-hour day between the production of two goods: A and B. Each hour devoted to Good B
yields 2 units whereas each hour devoted to Good A produces 4 units.
(a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient. [State
all that applies.]
Select one or more:
attainable
unattainable
efficient
inefficient
![(c) A tropical storm creates a shortage of the items needed in the production of Good B. Explain how this would affect
the production possibilities curve.
Select one:
O PPF shifts inwards
O PPF shifts outwards
O Move to a point inside the PPF
O Move outwards on Good A axis only
O Move outwards on Good B axis only
O Move inwards on Good A axis only
O Move inwards on Good B axis only](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce98e88c-afad-4d24-9489-05e3f992006b%2Fcc3c9487-686e-4861-a1f9-9717b1f6d0df%2Fefc744_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(c) A tropical storm creates a shortage of the items needed in the production of Good B. Explain how this would affect
the production possibilities curve.
Select one:
O PPF shifts inwards
O PPF shifts outwards
O Move to a point inside the PPF
O Move outwards on Good A axis only
O Move outwards on Good B axis only
O Move inwards on Good A axis only
O Move inwards on Good B axis only
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