Q: (also known as the production possibilities curve) for alfalfa, an agricultural good, and cars, a…
A: A production possibility curve (PPC) shows the maximum possible output combinations of two goods or…
Q: Refer to the diagram. E H B F Consumer Goods Technological advance that is useful in producing…
A: A PPF or Production possibility curve is a graph showing the production of the combination of two…
Q: Explain why the slope of the production possibilities curve becomes steeper as we move along the…
A: The production possibility curve (PPC) refers to a graphical representation of various combinations…
Q: Sketch a production possibilities curve on which you illustrate a shift to the right.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: Generally, opportunity costs increase and the production possibilities curve bows outward. Why?
A: The production possibility curve is the locus of different combinations of two goods that an economy…
Q: Suppose Canada produces two types of goods: agricultural and capital. The following diagram shows…
A: The production possibility frontier, or production possibility curve, is abbreviated as PPF. It is a…
Q: Suppose that the economy of El Paso creates only cowboy boots and pecans. The production…
A: Opportunity cost is the value of the next best alternative that is forgone when a choice is made. In…
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Q: How would each of the following situations affect a nation's production possibilities curve? A law…
A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…
Q: Loc and Ashima are farmers. Each one owns a 12-acre plot of land. The following table shows the…
A: A production possibility frontier (PPF) is a graphical representation showing the potential output…
Q: Imagine that the economy in the future consists only of dogs. The figure below represents the…
A: The expense of giving up the next best option is known as the opportunity cost. Assume that three…
Q: Y B' CONSUMER GOODS A D' C saos
A: Production possibilities curve shows the different combinations of goods that a country can produce…
Q: B PP PP PP Consumer Goods Refer to the diagram. An improvement in technology will Multiple Choice…
A: The graph shows production possibility curve that shows combinations of two goods that can be…
Q: economy is productively efficient when producing [Select] the oduction possibilities frontier and it…
A: Production possibility frontier shows the different combinations of two goods that can be produced…
Q: Could a person or country ever produce a combination of goodsthat lies outside the production…
A: Production possibility curve is defined as the combinations of different outputs with given amount…
Q: has an absolute advantage in the production of maize, and has an absolute advantage in the…
A: Production possibility frontier is an economic tool that is used to graphical represent the ability…
Q: Refer to the production possibilities schedule below, which shows a hypothetical society's…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: The accompanying graph contains the production possibilities frontier (PPF) for Rubberland.…
A: PPC: Graphical representation of the combination of two goods that can be produced in the economy in…
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Q: Draw a production possibilities curve for food and clothing. If you are operating on the curve, what…
A: The Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two…
Q: Consider the graph. What will happen if technological development raises the maximum amount of goods…
A: Production possibility frontier shows the combinations of two goods that can be produced with the…
Q: Explain how this situation would affect a nation’s production possibilities curve: The quality of…
A: In an economy, production possibility refers to the potential of the people of a country to generate…
Q: As a general rule, technological progress shifts the production possibilities curve outward, away…
A: Production possibility curve shows the quantity of two goods that an economy is able to produce with…
Q: Suppose Spain produces two types of goods: agricultural and capital. The following diagram shows its…
A: Given: Types of goods produced: Alfafa, Agricultural good Locomotives, capital good
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A: Production Possibility Frontier It is the graphical portrayal of the production of two products in…
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A: Production possibility frontier (PPF) depicts the combination of two goods that an economy can…
Q: 22.How would the Great Recession of 2007–2009 be pictured in a typical production possibilities…
A: The production possibilities curve is defined as the various production items or goods given the…
Q: Suppose the fictional country of Everglades produces two types of goods: agricultural and capital.…
A: Production possibilities frontier shows different combinations of two goods that can be produced…
Q: One of the proposals that arose in a previous year's federal budget plan was to reduce the amount of…
A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…
Q: The accompanying graph contains the production possibilities frontier (PPF) for Rubberland.…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: Suppose there is rovement in medical technology that enables more healthcare with the same amount of…
A: The PPC is the production possibility curve which illustrates the different combinations of two…
Q: Use the figure below to answer the following questions. What is the opportunity cost of increasing…
A: A production possibilities curve shows various combinations of two goods that can be produced in an…
Q: During the American Civil War, the South’s factories and farm land were decimated. It also suffered…
A: The production possibility curve shows the combinations of outcome/output a firm can produce by…
Q: The accompanying graph contains the production possibilities frontier (PPF) for Rubberland.…
A: Answer: If a new method of rubber processing is discovered then the productivity of all Rubberland's…
Q: Suppose the fictional country of Everglades produces two types of goods: agricultural and capital.…
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Q: Elijah and Aneesha are farmers. Each one owns a 14-acre plot of land. The following table shows the…
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Q: 4. Shifts in production possibilities Suppose the fictional country of Yosemite produces two types…
A: Opportunity cost is the value of the next-best alternative forgone when a choice is made. In other…
Q: 3,000 2,200 2,000 C А Production possibilities frontier 1,000 В 300 600 700 1,000 Quantity of Cars…
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Q: Below is a production possibilities table for consumer goods (automobiles) and capital goods…
A: The graphical representation of the table is:
Q: the production possibilities model, economic decay is illustrated by: An inward shift of the…
A: Economic decay means when economy's resources reduced and is able to produce lesser than before.
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The attainable production points on a
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- Assume the economy can produce either sports utility vehicles (SUVS) or minivans. The graph below depicts the current production possibilities frontier (PPF). Suppose several new factories are built. Move the end points of the PPF below to show how the PPF changes. Assume that the factory construction affects the economy's ability to produce both minivans and SUVs. Quantity of minivans Quantity of SUVs PPF This is an example of: economic stagnation. economic recession economic contraction. economic growth.Consider the production possibilities frontier below. Assume that an economy is producing the mix of outputs represented by point A. What would have to happen in order for this economy to produce at point B? Output 2 Technological progress A recession Output 1 Giving up some output 1 to produce more output 2 A decrease in taxesHow could a society manage to end up consuming a bundle of goods that is beyond its production possibility frontier? And, in doing so, how does it shift what it produces? Please include a graph that helps to illustrate your answer.
- Explaining the Production Possibilities Curve or PPF Explain the attainable and unattainablec. Graphically illustrate a production possibilities curve for books and ice cream.Drag the production possibilities frontier on the graph to show the effects of a time saving innovation in the manufacturing of cars
- assume county is in recession . assume the county only produces food and clothing draw a correctly labeled a production possibilities curve for the county show a point that could represent the current output combination label aWhich of the following would most likely shift the production possibilities curve inward? Otechnological progress an increase in the production of capital goods an increase in the number of hours factories are in use a decrease in the average number of hours worked per weekThe graph to the right depicts an economy, Home, that produces both flowers and soybeans. Flowers are the labor intensive good and soybeans are the land intensive good. Home presently exports flowers. The graph also indicates Home's optimal point of production, X. Suppose that Home has acquired more land in which it can now produce 12 units of soybeans if all land were devoted toward its production. Using the three-point curved line drawing tool, draw the new production possibilities frontier that indicates this biased growth of land in Home. Properly label this curve. Carefully follow the instructions above and only draw the required object. The growth biased toward land causes OA. export-biased growth. O B. a decrease in the relative price of flowers. OC. a rightward shift of the relative supply curve. O D. import-biased growth. 16- 15- 14- 13- 12- 11- 10- 9- 7- 6- 5- Growth of a Factor Soybean output VV TT 7 8 9 10 11 12 13 14 15 16 Flower output €
- What does a point inside the production possibilities frontier (PPF) represent? A. An efficient allocation of resources B. An underutilization of resources C. A technologically advanced production point D. An unattainable production level given current resourcesSuppose the fictional country of Biscayne produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for sorghum, an agricultural good, and electric scooters, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of a time-saving innovation in the manufacturing of electric scooters. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. ELECTRIC SCOOTERS (Thousands) 180 150 120 90 30 0 30 60 90 PPF 120 SORGHUM (Millions of bushels) 150 180 бо PPF ?Food 0 Alpha Shelter Beta In the figure are two linear production possibilities curves for countries Alpha and Beta. We can conclude that