For a country X producing only two products, A and B; when other things remain equal, points along the country's production possibilities frontier (PPF) can be used to show which of the following? The opportunity cost of producing product A but not the opportunity cost of producing one unit of B. The opportunity cost of producing product B but not the opportunity cost of producing one unit of A. The opportunity cost of producing product only one product (i.e., A or B), but not the other. None of the above.

Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibilities frontier?Choose one: A. The economy moves from a point on the PPF to a point beyond the PPF. B. The economy moves from a point below the PPF to a point on the PPF. C. The entire PPF shifts in. D. The entire PPF shifts out.

Suppose Canada produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both smartphones and tablets.   The shape of Canada's production possibilities frontier (PPF) should reflect the fact that as Canada produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone: (a. increases, b. decreases, c. remains constant).   The following graphs show two possible PPFs for Canada's economy: a straight-line PPF (PPF1) and a bowed-out PPF (PPF2).   Based on the previous description, the trade-off Canada faces between producing smartphones and tablets is best represented by: (a. Graph 1, b. Graph 2).

In the picture below is the full question. The highlighted one is my guess which is wrong. Based on the production table above, what is the opportunity cost of 1 burger in 'Merica A) 1/3 of a burger B) 1/2 a burger(this one is wrong) C) 3 units of fries D) 2 units of fries

I've already read the answer provided on this site, but it is not giving me the information I need. I understand the math for finding the opportunity costs for each item in each country. However, where are they getting the answer that 2.5 tons of chemicals is what the US will give up, and 1 ton of apparel is what China will give up? From videos I've seen on youtube, they basically state that as long as the cost is less than what the original opportunity cost is, then nations will trade. So, it costs China 4 apparel for every 1 ton of chemicals, and in the US it costs 1 apparel for every 3 tons of chemicals. Am I right to assume that as long as China can trade less than 4 apparel it will benefit, and as long as the US can trade less than 3 tons of chemicals it will benefit? If so, then what is the math being used to arrive at exactly 1 ton of Chemicals for 1 ton of Apparel for China, and 1 apparel for 2.5 tons of Chemicals for the US? I need to understand the math that is used to…

Suppose a gardener produces both green beans and corn in her garden. If the opportunity cost of one bushel of corn is 3/5 bushel of green beans, then the opportunity cost of 1 bushel of green beans is 5/3 bushels of corn. 5 bushels of corn. 3 bushels of corn. 3/5 bushel of corn.

Based on the production possibility frontier below, what is the opportunity cost of producing the first 6 TVs (the answer will be in number of cars)(only enter the number)? (The number in the table represent daily production in thousands of units) Cars; 0, 1, 2, 3, 4, 5 TVs: 20, 18, 15, 11, 6, 0

Country A has 6 million workers and Country B has 9 million workers. Each worker in Country A can produce 3 units of corn or 2 units of fabric in a year. Each worker in Country B can produce 1 unit of corn or 2 units of fabric in a year. a) What is country A’s opportunity cost of producing one unit of corn (in terms of units of fabric given up)? What is country B’s opportunity cost of producing one unit of fabric (in terms of units of corn given up)? b)  Which country has a comparative advantage in producing corn? c) If the countries do not trade, then in each country, 1/3 of the population produces fabric and 2/3 produces corn. Consider a trade proposal: A trades 2 million units of corn for 1 million units of fabric from B. Assume the two countries first observe the proposal, then adjust the fractions of their population between the two productions, and finally trade according to the proposal. Compared to the case without trade, can the proposal increase each country’s fabric and…

Question 30

According to the news wire what is the opportunity cost of a single missile test in terms of corn for each of north koreas 26 million people