The figure below shows the production possibilities frontier for Good A and Good B. In the figure below, given the quantity of resourcesand level of technology, which of the following points is unattainable?Figure 2.2Good B9dbGood A

Point e and point d are unattainable.The figure shows a production possibilities frontier (PPF) for…

Answered: The figure below shows the production…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter2: Production Possibilities Frontier Framework

Section: Chapter Questions

Problem 4WNG

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Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
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Good B .d b a Good A Refer to Exhibit 2.2, which shows the production possibilities frontier for Good A and Good B. If given the quantity of resources and level of technology, which of the following points is unattainable? O a. g O b. h O c. e O d. i O e. b
Beth can read 30 pages of astronomy in an hour. She can also read 20 pages of sociology in an hour. She spends 6 hours per day studying. **Use the blue line (circle symbol) to draw Beth's production possibilities frontier (PPF) for reading astronomy and sociology. Diagram has Astronomy Pages on the left from 0-200 in increments of 20's On the bottom of the Diagram it lists Sociology Pages numbered the same fom 0-200 in increments of 20. Beth's opportunity cost of reading 60 pages of sociology is ___________ pages of astronomy.
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You have exams in economics and chemistry coming up and five hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend in studying each subject. Hours Spent Studying Midterm Score Choice Economics Chemistry Economics Chemistry A 5 0 95 70 B 4 1 93 78 C 3 2 90 84 D 2 3 86 88 E 1 4 81 90 F 0 5 75 91 a. Use the data in the table to draw a production possibilities frontier graph. Label the vertical axis “Score on economics exam” and label the horizontal axis “Score on chemistry exam”. Make sure to label the values where your production possibilities frontier intersects the vertical and horizontal axes. b. Label the points representing choice C and choice D. If you are at choice C, what is your opportunity cost of increasing your chemistry score? c. Under what circumstances would A…
Drag the production possibilities frontier on the graph to show the effects of a time saving innovation in the manufacturing of cars
What can you say about all three of these Production Possibilities Frontiers?
Table 3-8 Production Possibilities Blankets Coats 8 600 12 ? 16 200 Refer to Table 3-8. If the production possibilities frontier is a straight line, then which of the following could represent the number of coats produced when 12 blankets are produced? a. 200 b. 500 c. 300 d. 400

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The figure below shows the production possibilities frontier for Good A and Good B. In the figure below, given the quantity of resources and level of technology, which of the following points is unattainable? Figure 2.2 Good B 9 d b Good A