Increasing opportunity costs result in a production possibilities frontier that is concave; C: linear; D: horizontal) to the origin. (A: convex; B:

The graph shows the Production Possibility Frontiers of Writ (orange, dotted line) and Greg (green, solid line) when they gather pumpkins or branches individually. Drag and drop the points A, B and C to form the Production Possibility Frontier when Wirt and Greg specialize and exchange the production of branches and pumpkins. Note: Use the circle in the top, left corner of the textbox as the point. Drab Point A as the top left point. Drag Point B to the point at which the joint PPF changes slope. Drag Point C to the bottom right point. Total Branches 6 5 4 3 2 1 O 0 1 2 3 4 5 6 Point A Point B Point C Greg's PPF Wirt's PPF Total Pumpkins

What is the per-unit opportunity cost of product Y as production moves from point B to point F? a) -4/3    b) 4/3    c) ¾    d) -¾    e) none of the above

answer quickly

Production inefficiency occurs when production ____. is at any attainable point is at a point on the production possibilities frontier is at a point beyond the production possibilities frontier is at a point inside the production possibilities frontier

Last quarter was very stressful because you had difficult classes. You decided to continue to work 10 hours a week and take 3 classes instead of 4, which results in only spending 20 hours a week on school.   Where are you producing relative to the Production Possibilities Frontier? (On, Below, or Above)    If the goal in economics is to be efficient in your allocation of scarce resources, in this case your time, are you operating at an efficient point?    What would you adjust in the future with respect to your hours at your job or the number of classes you take?

The slope of the production possibilities frontier is called

Q.1 Pounds of Beef per Year (millions) 2.25 2.00 1.75 0 G 5.0 7.0 10.0 Bushels of Wheat per Year (millions) 1. What is the opportunity cost between points F and G? Is point H feasible? Yes/No. Explain in one sentence. 2.

Which of the following is a correct statement about production possibilities frontiers?    (A) An economy can produce only on the production possibilities frontier.    (B) An economy can produce at any point inside or outside a production possibilities frontier.    (C) An economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.    (D) An economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier

Ron can either workout or make sushi rolls. It takes him 40 minutes to finish 1 workout and 20 minutes to make 1 sushi roll. If he has 120 minutes to do these two activities, what is the equation of the production possibility frontier (PPF) that describes the tradeoff between these two activities? (Assume workouts are on the x axis and sushi rolls are on the y axis) A y=6-2x B y=3-0.5x C y=3-2x D y=6-0.5x