Types of Production C Automobiles 6. Missiles 30 27 21 12 1. Draw a production possibilities curve for automobiles and missiles using the data above. 2. A
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- 1. During the Second World War, Germany's factories were decimated and suffered many human casualties, both soldiers and civilians. How did the war affect Germany's production possibilities curve?ple Choice ý the letter of the choice that best completes the statement or answers the question. 1. Which of the following is an example of lower production costs brought about by the use of technology? the delivery costs of gasoline to the consumer by diesel trucks the use of e-mail to replace slower surface mail а. b. the making of breads and pastries in local shops rather than large bakeries the importing of fresh vegetables from South America rather than using canned vegetables- с. d. 2. What is the effect of import restrictions on prices? They cause prices to drop. b. a. They cause prices to rise. They often cause prices to rise steeply and then drop. d. They usually do not have any lasting effect on price. с. 3. What do sellers do if they expect the price of goods they have for sale to increase dramatically in the future? sell the goods now and try to invest the money instead of resupplying sell the goods now but try to get the higher price for them store the goods until the…1. Problems and Applications Q1 Yvette can read 40 pages of economics in an hour. She can also read 30 pages of sociology in an hour. She spends 4 hours per day studying. Use the blue line (circle symbol) to draw Yvette's production possibilities frontier (PPF) for reading economics and sociology. (?) 200 180 160 140 Economics Pages F 120 100 80 80 40 20 0 0 20 40 60 80 100 120 Sociology Pages 140 180 180 200 Yvette's opportunity cost of reading 90 pages of sociology is PPF pages of economics.
- Use the following table to answer the question below. Jake's Production Possibilities Schedule Jane's Production Possibilities Schedule Pounds of Green Pounds of Corn Pounds of Green Pounds of Corn Beans Beans 160 80 10 120 20 60 40 20 80 40 30 40 60 20 40 80 Jake should specialize in the production of which good? neither both corn O green beansA country, Frankland, produces only two products, cars and trucks. Currently, Frankland is producing on the curve, producing an even amount of cars and trucks. Define what a production possibilities curve is and is used for, and explain what happens when a new technology is adopted by the country of Frankland and the nation is able to increase production because of the increased productivity. You must use complete sentence to answer this question.FIGURE 2-10 Wheat (bushels) Apples (bushels) 0 Refer to Figure 2-10. What movement along the production possibilities curve best illustrates the notion "To get more apples, we have to give up wheat"? 4 a movement from Point A to Point E a movement from Point E to Point C a movement from Point A to Point D a movement from Point B to Point E
- c. Graphically illustrate a production possibilities curve for books and ice cream.5. Opportunity cost and production possibilities Raphael is a skilled toy maker who is able to produce both trucks and kites. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Choice Hours Producing Produced (Trucks) (Kites) (Trucks) (Kites) A 8 0 4 0 B 6 2 3 10 C 4 4 2 16 D 2 6 1 19 E 0 8 0 20 On the following graph, use the blue points (circle symbol) to plot Raphael's initial production possibilities frontier (PPF). ( attached image) Suppose Raphael is currently using combination D, producing one truck per day. His opportunity cost of producing a second truck per day is( 1, 3, 16, 19 kites) per day. Now, suppose Raphael is currently using combination C, producing two trucks per day. His opportunity cost of producing a third truck per day is ( 1,6,10, or 16 kites) per day. From the previous analysis, you can determine that as…5. Draw a Production Possibilities Graph for Toyota using the following information: A B C E F Trucks 20 28 35 40 43 45 Cars 54 52 49 43 35 25 A. Which combination(s) on the graph are considered efficient?
- Table 1 Production choices for Billie's Bedroom Shop Choice A B C D E Quantity of Pillows Produced 36 27 18 9 0 Quantity of Blankets Produced 0 7 14 21 28 Refer to Table 1. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear along Billie's production possibilities frontier. inside Billie's production possibilities frontier. outside Billie's production possibilities frontier. at the vertical intercept of Billie's production possibilities frontier.4. Shifts in production possibilities Suppose the United Kingdom produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for barley, an agricultural good, and cars, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of an immigration law that results in fewer workers entering the country. 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. ? CARS (Thousands) 300 250 200 150 100 50 0 0 80 PPF 160 240 320 BARLEY (Millions of bushels) 400 480 6 PPFThe table below list the different combinations of surfboards and tables that can be produced with a fixed quantity of resources 1. Production Possibilities Frontier Surfboards Tables 140 120 90 50 0 A. Plot the production possibilities frontier B. Show a point X that is both feasible and efficient IA JO B 50 C90 D 120 E 140 C. What is the opportunity cost of moving production from A to B? D. What is the opportunity cost of moving production from E to C? E. Does this PPF display the Law of Increasing Opportunity Cost? Explain