For this production possibilities schedule, it is true that:Production Possibilities ScheduleCombination School Buses RefrigeratorsA020B118C214DE3480Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.athe opportunity cost of moving from combination B to combination C is 2 refrigerators, while the opportunity cost ofmoving from combination C to combination D is 14 refrigerators.bthe opportunity cost of moving from combination B to combination C is 4 refrigerators, while the opportunity cost ofmoving from combination C to combination D is 6 refrigerators.сthe opportunity cost of moving from combination B to combination C is 6 refrigerators, while the opportunity cost ofmoving from combination C to combination D is 8 refrigerators.dthe opportunity cost of moving from combination B to combination C is 8 refrigerators, while the opportunity cost ofmoving from combination C to combination D is 0 refrigerators.

To understand the production possibilities schedule shown in the image, it is essential to analyze…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I need help with G through k. I drew out the chart to help you.
a. Calculate the opportunity cost based on the following information: Instructions: Enter your responses as a whole number. Possible Output Combinations Output per month A B D F Missiles 50 100 150 200 250 Houses 100 90 75 55 30 The opportunity cost of increasing missile production by 50 is: (such as 0 to 50, 50 to 100, 100 to 150, etc.) 2,500 houses b. Using the information presented in the table above, graph the production possibilitiles with missiles on the horizontal axis and houses on the vertical axis. Instructions: Use the tool provided 'PPC' to plot the production possibilities curve (plot 6 points total). Production Possibilities Curve PPC 120 110 - 100 - 80- 70- 00- 50 - 40- 30 - 20- 10 - 50 100 150 200 250 300 Missiles (per month) reset Houses (per month)
I am struggling with the graphs
B. Use the data in the table below to calculate the opportunity cost of moving from one production point to another. ( - Calculate the Movement from A to B - Calculate the Movement from D to C Production of tables (millions) 60 Production point Production of cars (millions) A 4 56 C 8 48 12 36 16 20 E F 20
Possibility Wheat (Million Ton) Milk (Million Ton) Opportunity Cost A 16 1 15 C 13 3 10 E 4 6. F * The table Lists Production Possibilities for wheat and milk in an Economic Society Required: 1- Calculate the Opportunity Cost for that Society 2- If the society produce at point (2 Million ton of wheat and 15 Million ton of milk) what Does it mean? 3- If the society produce at point (3 Million ton of wheat and 6 Million ton of milk) what Does it mean? 4- What does production mean at the numbers mentioned in the table?
Use the PPF to answer the following questions: D. Hard drives A 525 E. 450 400 350 300 250 200 150 100 50 5 10 15 20 25 30 35 40 45 50 Sweaters (thousands)
25
Orange(tons) Apple(tons)A 1400 0B 1100 450C 900 900D 600 1200E 250 1600F 0 2000a. Plot the production possibilities curve for the production of orange and apple. Put orange on the horizontal axis. b. What is the opportunity cost of increasing the production of orange from 0 to 250? From 900 to 1100? c. Given this production possibilities curve, is producing 900 orange and 1200 apple possible? d. Is producing 250 orange and 1200 apple? Is it efficient? 2) What is the connection between elasticity and total revenue? 3) State whether each of the following events will result in a movement along the demand curve for Burger King’s Cheeseburger or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or the right and draw a graph to illustrate the shift.Explaina) The price of McDonald’s Big Mac hamburger decreases.b) Because of a shortage of…
#11
8. A small bakery makes baguettes and muffins. With the resources available (workers, flour, machines) this bakery can produce either 1500 baguettes or 2000 muffins per day. a. What is the opportunity cost of an extra muffin in terms of baguettes? b. Assume that production is currently 1200 muffins and 600 baguettes. If the bakery wanted to expand its muffin production to 1300 muffins per day, how many baguettes would be baked?
5. China is able to produce turnips and potatoes in combinations represented by the following table. (Each number represents 1,000s of bushes.) Potatoes Production Turnips point a. B C D E b. C. points. 100 and 0 90 and 10 and 20 and 30 and 40 70 40 0 Plot the data on a production possibilities graph, labeling Can China produce a combination of 30 turnips and 24 potatoes? Draw this production point on the graph (label it F) and verbally explain. Demonstrate that China experiences increasing opportunity costs by calculating the opportunity cost of producing another potato at each production point. Explain.
1.

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