40 40 A Baicun 20 10 1. If the economy is operating at point C in the PPF below, the opportunity cost of producing an additional 15 units of bacon is: Exhib:6 30 30 10 20 30 50 60 70 (a) 40 eggs (b) 10 eggs (c) 20 eggs (d) 30 eggs (e) 50 eggs Explain:
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- Computers per year) 200 150 100 50 25 50 75 100 125 VCRs (per year) The fgure above illustrates a smal country's production possibites tronter Moving trom pont Cto pont the per unt opportunity cost of compulers s p conpuler OA 4VCRS OB. 1/4 of a VCR OC 45 of a VCR O0 computer OE 54 of a VCRMeat (pounds) 120 A 90 D 60 В 30 Vegetables (pounds) 40 60 80 100 120 140 160 Point B is: O Infeasible Inconsistent Inconceivable O Inefficient 20Given what you've learned about normative and positive stateme which of the following is a normative statement? O There are over 400 pages in our economics textbook O The price of eggs is too high. The average temperature in New York City in April was 49 degrees. O Inflation has been under 10% for the past 10 years. SAVE & CONTINUE Report an issue with this question 83°F Partly sunny esc 1 ? (9) 2 2 # * 3 Search $ 4 8 % 5 17 >
- Mid- sem 1. Assume that the schedule below describes the production possibilities confronting an economy. Using the information from the table? (a) Draw the production possibilities curve .be sure to label each alternative output combination (A through B) (b) Calculate and illustrate on your graph the opportunity cost of producing one CD player per week? (c) What is the cost of producing a second CD player? What might account for the differences? (d) Which point on the curve is the most desired one? How will we find out? Potential weekly pianos CD players Output combinations A 10 9 1 C 7 2 4 3 E 4 Q2: if taxes on the rich were raise to provide housing for the poor, how would the willingness to work be affected? What would happened to total output? Q3: Ghana currently allocated four (4) percent of our resources to military output. Is this too much or too little, how can we decide? Q4: Utility companies routinely ask state commissions for permission to raise utility rates. What does this…Mid- sem 1. Assume that the schedule below describes the production possibilities confronting an economy. Using the information from the table? (a) Draw the production possibilities curve .be sure to label each alternative output combination (A through B) (b) Calculate and illustrate on your graph the opportunity cost of producing one CD player per week? (c) What is the cost of producing a second CD player? What might account for the differences? (d) Which point on the curve is the most desired one? How will we find out? Potential weekly pianos CD players Output combinations A 10 9 1 C 7 2 4 3 E 400 LL I Completed 49 out of 60 Submit All Question 23 of 60 > Drea budgets $50 for entertainment, which for her includes going to the movies or to basketball games at her college. She pays $8 for movie tickets and $15 for tickets to basketball games. The combination of four movie tickets and two basketball game tickets lies inside Drea's budget line. O True O False 10:06 PM 75°F ENG 12/12/2021 delete home pend prt sc to 81 f5 backspace -> unu lock & 8. 4. 6. home enter H. pause ↑ shift
- Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 40Question 3 Person 1 can allocate her 8-hour day between the production of two goods A and B. Each hour devoted to Good B yields 2 units whereas each hour devoted to Good A produces 4 units. (a) State whether 9 units of Good B and 12 units of Good A are attainable, unattainable, efficient or inefficient /State all that applies] Select one or more attainable unattainable efficient inefficient IIWhat does a production possibilities frontier illustrate?
- Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?Suppose the following data reflect the production possibilities for providing health care and education: Units per Year Health Care 400 370 330 270 190 100 0 Education 0 20 40 50 60 70 80 (a) Graph the production possibilities curve. (b) If maximum health care is provided, how much education will be provided? (c) What is the opportunity cost of increasing health care from 270 to 330 units?QUESTION1 16+ 12+ 2 4 Tractors Refer to the diagram, moving from point C to point D, shows that the opportunity cost of extra Tractor is: r the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S 14px A v Ix Paragraph Arial ve and Submit to save and submit. Click Save All Answers to save all answers. DELL Bread !!!