Using the following combinations as Production Possibilities data for iPads and HDTVS, answer the following questions: A B E iPads 5,000 4,500 3,500 2,000 HDTVS 1,000 2,000 3,000 4,000 Using the above information, illustrate (fully labelling) the Production Possibilities Frontier for the above economy capable of producing iPads and/or HDTVS. Do not forget to use the same numerical scale for both the y-axis and x-axis to demonstrate the curved relationship! Using the above information and illustration of the Production Possibilities Frontier, apply the vocabulary below to the following statements (a through e), and make sure you select all applicable vocabulary for each statement, and if helpful, graph the recommended points on the PPF above. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS is (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. a. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS shows (a recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply]. b. In the Production Possibilities Function and schedule shown above, a production combination of 4,500 iPads and 2,000 HDTVS is (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. c. In the Production Possibilities Function and schedule shown above, if technology evolves, a production combination of 4,500 iPads and 2,000 HDTVS shows potential ( recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply]. d. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS would enjoy (a utility / an economy / an opportunity cost / a free lunch / an international trade) [circle all that apply] if one or more resources are used more efficiently. Consequently, if this happens, this economy's production possibilities will become (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. е.
Using the following combinations as Production Possibilities data for iPads and HDTVS, answer the following questions: A B E iPads 5,000 4,500 3,500 2,000 HDTVS 1,000 2,000 3,000 4,000 Using the above information, illustrate (fully labelling) the Production Possibilities Frontier for the above economy capable of producing iPads and/or HDTVS. Do not forget to use the same numerical scale for both the y-axis and x-axis to demonstrate the curved relationship! Using the above information and illustration of the Production Possibilities Frontier, apply the vocabulary below to the following statements (a through e), and make sure you select all applicable vocabulary for each statement, and if helpful, graph the recommended points on the PPF above. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS is (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. a. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS shows (a recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply]. b. In the Production Possibilities Function and schedule shown above, a production combination of 4,500 iPads and 2,000 HDTVS is (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. c. In the Production Possibilities Function and schedule shown above, if technology evolves, a production combination of 4,500 iPads and 2,000 HDTVS shows potential ( recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply]. d. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS would enjoy (a utility / an economy / an opportunity cost / a free lunch / an international trade) [circle all that apply] if one or more resources are used more efficiently. Consequently, if this happens, this economy's production possibilities will become (attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply]. е.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Im having difficulty with b-e. If possible can you explain. I don't fully understand PPF well enough.
![1.
Using the following combinations as Production Possibilities data for iPads and HDTVS, answer the following questions:
A
B
D
E
iPads
5,000
4,500
3,500
2,000
HDTVS
1,000
2,000
3,000
4,000
Using the above information, illustrate (fully labelling) the Production Possibilities Frontier for the above economy
capable of producing iPads and/or HDTVS. Do not forget to use the same numerical scale for both the y-axis and x-axis
to demonstrate the curved relationship!
Using the above information and illustration of the Production Possibilities Frontier, apply the vocabulary below to the following
statements (a through e), and make sure you select all applicable vocabulary for each statement, and if helpful, graph the
recommended points on the PPF above.
In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS is
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
a.
b. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS
shows (a recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply].
In the Production Possibilities Function and schedule shown above, a production combination of 4,500 iPads and 2,000 HDTVS is
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
с.
In the Production Possibilities Function and schedule shown above, if technology evolves, a production combination of 4,500
iPads and 2,000 HDTVS shows potential ( recession / economic growth / full employment / efficiency / inefficiency / a free
lunch) [circle all that apply].
d.
In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS
would enjoy (a utility / an economy / an opportunity cost / a free lunch / an international trade) [circle all that apply] if one
or more resources are used more efficiently. Consequently, if this happens, this economy's production possibilities will become
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
e.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2e7856d-f2ae-48a0-bb82-2d31164e575a%2F4c2ecce4-2f6b-456d-9c0c-bd078bddd1e0%2Fx6urbhp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1.
Using the following combinations as Production Possibilities data for iPads and HDTVS, answer the following questions:
A
B
D
E
iPads
5,000
4,500
3,500
2,000
HDTVS
1,000
2,000
3,000
4,000
Using the above information, illustrate (fully labelling) the Production Possibilities Frontier for the above economy
capable of producing iPads and/or HDTVS. Do not forget to use the same numerical scale for both the y-axis and x-axis
to demonstrate the curved relationship!
Using the above information and illustration of the Production Possibilities Frontier, apply the vocabulary below to the following
statements (a through e), and make sure you select all applicable vocabulary for each statement, and if helpful, graph the
recommended points on the PPF above.
In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS is
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
a.
b. In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS
shows (a recession / economic growth / full employment / efficiency / inefficiency / a free lunch) [circle all that apply].
In the Production Possibilities Function and schedule shown above, a production combination of 4,500 iPads and 2,000 HDTVS is
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
с.
In the Production Possibilities Function and schedule shown above, if technology evolves, a production combination of 4,500
iPads and 2,000 HDTVS shows potential ( recession / economic growth / full employment / efficiency / inefficiency / a free
lunch) [circle all that apply].
d.
In the Production Possibilities Function and schedule shown above, a production combination of 3,500 iPads and 1,500 HDTVS
would enjoy (a utility / an economy / an opportunity cost / a free lunch / an international trade) [circle all that apply] if one
or more resources are used more efficiently. Consequently, if this happens, this economy's production possibilities will become
(attainable / unattainable / efficient / inefficient / impossible with current resources) [circle all that apply].
e.
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