The table below represents the combinations of beef and corn produced on a tract of land of a given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following events is likely to lead to an outward shift of the PPF? Select one: O a. Corn prices fall relative to beef prices O b. a reallocation of land use such that corn production increases from 6000 bushels to 8000 bushels while beef production decreases from 1200 kg to 900 kg O c. Some of the land is lost due to a flood O d. Twenty of the existing acres are not used for either beef or corn production O e. None of the answers are correct

The table below represents the combinations of beef and corn produced on a tract of land of a given size and fertility Corn (bushels) Beef (kg) 10000 8000 900 6000 1200 4000 1400 2000 1475 1500 Which of the following events is likely to lead to an outward shift of the PPF? Select one: O a. Corn prices fall relative to beef prices O b. a reallocation of land use such that corn production increases from 6000 bushels to 8000 bushels while beef production decreases from 1200 kg to 900 kg O c. Some of the land is lost due to a flood O d. Twenty of the existing acres are not used for either beef or corn production O e. None of the answers are correct

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Refer to the table. Answer questions on the basis of the data given in the following table. Production Possibilities Table Products A В D E Avocados 20 24 40 60 Soybeans 15 10 9 5 If the economy is producing at production alternative C, the opportunity cost of one more avocados (or twenty fifth units of avocados) will be? O 1) 1/2 units of soybeans. 2) 1/4 of a unit of soybeans. 3) 4 units of soybeans. O 4) 2 units of soybeans.
Brazil and Colombia can both produce either bananas or coffee. Brazil can produce either 16 pounds of co and 0 pounds of coffee. Colombia can produce either 20 pounds of coffee and 0 pounds of bananas or 4 Bananas (pounds) Coffee (pounds) Country Brazil 64 Colombia 40 20 The opportunity cost of producing 1 pound of bananas for Brazil is O 16 O 1 O 0.25 16 O 48 pounds of coffee.
Meghan and Jackson are both gardeners producing carrots and tomatoes. The table below compares their production possibilities schedules. Production Possibilities Schedules Meghan Carrots 10 5 0 Multiple Choice O Tomotoes 0 10 20 O If both producers decided to specialize and trade with each other, the terms of trade that would benefit both Meghan and Jackson (1 carrot = x tomatoes) would be between Carrots 24 12 0 1.25 and 2.5 tomatoes per carrot. 2 and 5 tomatoes per carrot. O2 2 and 2.5 tomatoes per carrot. Jackson 0.4 and 0.5 tomatoes per carrot. Tomatoes 0 30 60
22. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the absolute advantage in wine? a) Portugal b) England c) Both d) Neither e) Can't tell
V3
why is the market for recycled aluminium good and the market for plastic bad in the US? Depict this with a firm input choice model. I understand that recycled plastic decreases in qualiy everytime it is recycled while aluminium does not and can be recylced without the decrease in quality, but I dont know how to depict this graphically
17
Gmail Remaining Time: 4 hours, 12 minutes, 19 seconds. * Question Completion Status: 60°F Cloudy Ⓒ YouTube 2 Maps S * What does the shape of the Production Possibilities Frontier say about the production of these two goods ? O A. Goods Land M require identical resources to produce. O B. There are decreasing Opportunity Costs as more of Good M is produced. O C. There is Zero Opportunity Cost in terms of Good L as more of Good M is produced. O D. Goods L and M are used in fixed proportions to produce another good. O E. Goods L and M require different resources to produce. 3 W E Lamar State Colleg... us history D $ A R LL 40 % 5 T 6 Good L O Search & Y 10 7 G H 5 5 Good M U 8 ly f10 ( 1 9 J K 10 O O O L P
Solve it correctly. I will rate.
The following table lists the costs incurred by a student attending a public university for one semester: $10,000 Tuition and Fees Rent and Meals $800 Books and supplies $750 Haircuts $200 Lost wages $7,500 What is the total opportunity cost that the student incurs by attending college for one semester? OA. $10,800 B. $19,050 OC. $19,250 OD. $18,250 OE. $10,750
250 A 225 200 175 150 125 100 75 E 50 25 20 40 60 80 100 Oil Drills On the PPF shown in the figure above, which points represent inefficient production points? Select one: a. points C and E b. points D and A c. points B and D d. points A and E Solar Panels
7 10 points ebook Print References The graph below shows the market for soya beans: Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. Price per kilo 16 14 12 10 8 6 4 2 0 25 175 200 Soya beans (millions of kilos) 75 50 100 125 150 D 225 275. 250 300 Tools line 4