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The PPC curve is a graphical medium of highlighting the central problem of how to produce
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- + m/StudentFunctions/Interface/acellus_engine.html?ClassID=486002746 YouTube Maps The PPF curve shows a curved, negative relationship between two goods. This means that an increase in the production of one good requires which of the following? A. The greater sacrifices of the other good. 1 B. The smaller sacrifices of the other good. C. The equal sacrifices of the other good. -2022 International Academy of Science. All Rights Reserved.a) Why is the PPF curve bowed outward. Is it due to increasing opportunity cost or decreasing opportunity cost or constant opportunity cost Type and answer using only one of the underlined words above b) What happens to the PPF curve during a recession? Will it shift inward or outward or remains constant Type and answer using only one of the underlined words above c) Suppose a technology is banned due to its adverse environmental impacts. Would the production possibilty curve shift inward or outward or remain constant due to this Type and answer using only one of the underlined words above d) How will a policy encouraging more immigration would shift the production possibility forntier. It will shift inward or outward or remain constant Type and answer using only one of the underlined words aboveN B Figure 3.15. The PPF in the Grossman model. H
- based on the image and the PPF is point b efficient? why?Use the PPF to answer the following questions: (a) At point F, how many sweaters are being produced? How many hard drives? (b) Label points A-H as either efficient, inefficient, or unattainable. (c) Can we determine if point F is productively efficient? If so, is it productively efficient? (d) Can we determine if point F is allocatively efficient? If so, is it allocatively efficient?Explain three basic sources of deviations from PPP. Thanks.
- Suppose an economy uses two resouces (labor and capital) to produce two goods (wheat and cloth). Capital is relatively more useful in producing cloth, and labor is relatively more useful in producing wheat. If the supply of capital falls by 10 persent and the supply of labor increases by 10 percent, how will the PPF for wheat and cloth change?Graph A Graph B Graph C Graph D Which of the above 4 graphs best represents the change in the PPF if a tornado destroys part of the country?The graph below represents a change to a PPF. Assume the production of cars is represented on the y-axis and the production of houses is represented on the x-axis. Which of the following events could be cause the illustrated change? more labor becomes available less labor becomes available better technology used to produce cars is discovered better technology used to produce houses is discovered Factories used to produce cars are destroyed Equipment used to build houses is destroyed Overall technology advances None of the events would result in the illustrated change O 0 0 O O O0 0
- Alice and Bob each produce haircuts and landscaping services. Alice can provide 4 haircuts in one hour. Bob can provide 2 haircuts in one hour. It takes Alice 2 hours to landscape an acre of property. It takes Bob 1 hour to landscape an acre of property. Assume Alice and Bob both work a standard 8 hour day. If Alice and Bob were to combine forces and open their business "Heads and Hedges" together, how should Alice and Bob allocate their time to maximize the gains from trade with one another? (check all that apply) Alice should only spend her time cutting hair. Bob should only spend his time cutting hair. Bob should only spend his time landscaping. Alice should only spend her time landscaping.Help! The question is to Explain how the following situation would affect a nation's production possibilities curve. A category 5 hurricane destroys over 40% of the nation's productivity. The two questions are What happens to PPF and an explanation. The options for both are in the drop down.George's household can produce Nachos and Burgers as described by the following PPF: 5N + 7B = 50 The price of Nachos is 300. Solve for the price of Burgers (round to the nearest integer).
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