These PPF's could be for a business in our area. The business is illustrated with PPC2. Output of Trucks (per day) C E D B PPC PPC 1 2 PPC 3 PPC 4 Output of Tanks (per day) a. Which points are considered inefficient for PPC2? b. Which points represent the efficient choices for PPC2? OB and C and D and E c. Which are not currently possible for PPC2? OF A None of these answers OE and F OA and B None of these answers B OC and D and E and F None of these answers OC and D A F OC and D and E and F E and F d. Which PPFs represent an increase in available technology or resources? OPPCA PPC1 O None of these answers O PPC 3 or PPC4 e. Now indicate the curve(s) that would represent what would happen if a large hurricane destroyed much of the company's ability to produce. ○ PPC₁ ○ PPC3 None of these answers O PPC 3 or PPC4
These PPF's could be for a business in our area. The business is illustrated with PPC2. Output of Trucks (per day) C E D B PPC PPC 1 2 PPC 3 PPC 4 Output of Tanks (per day) a. Which points are considered inefficient for PPC2? b. Which points represent the efficient choices for PPC2? OB and C and D and E c. Which are not currently possible for PPC2? OF A None of these answers OE and F OA and B None of these answers B OC and D and E and F None of these answers OC and D A F OC and D and E and F E and F d. Which PPFs represent an increase in available technology or resources? OPPCA PPC1 O None of these answers O PPC 3 or PPC4 e. Now indicate the curve(s) that would represent what would happen if a large hurricane destroyed much of the company's ability to produce. ○ PPC₁ ○ PPC3 None of these answers O PPC 3 or PPC4
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:These PPF's could be for a business in our area.
The business is illustrated with PPC2.
Output of Trucks (per day)
C
E
D
B
PPC
PPC
1
2
PPC
3
PPC
4
Output of Tanks (per day)
a. Which points are considered inefficient
for PPC2?
b. Which points represent the efficient
choices for PPC2?
OB and C and D and E
c. Which are not currently possible for
PPC2?
OF
A
None of these answers
OE and F
OA and B
None of these answers
B
OC and D and E and F
None of these answers
OC and D
A
F
OC and D and E and F
E and F
d. Which PPFs represent an increase in available technology or resources?
OPPCA
PPC1
O None of these answers
O PPC 3 or PPC4
e. Now indicate the curve(s) that would represent what would happen if a large hurricane destroyed much of the company's ability to
produce.
○ PPC₁
○ PPC3
None of these answers
O PPC 3 or PPC4
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