product Y 28 24 20 16 2 8 4 0 0 4 Production Possibilities Frontier point A e) none of the above. 8 point F 12 product X 16 point B point C 8. Which of the following statements about point C is TRUE? Oa) to produce more of product Y, some of product X has to be sacrificed. • -point E -point D 20 24 Ob) the economy cannot reach this point without an increase in resources or improvement in technology. Oc) the economy is producing efficiently. Od) both (a) and (c).

Please choose answers for what happens to ppf and explanation from the dropdown shown

Table: Production Possibilities (a) United States Possibilities One Possibility Another Possibility Quantity of roses (boxes) 1,000 0 Quantity of computers 0 2,000 (b) Columbia Production Possibilities One Possibility Another Possibility Quantity of roses (boxes) 2,000 0 Quantity of computers 0 1,000 Reference: Ref 8-8 Table: Production Possibilities (Table: Production Possibilities) Use Table: Production Possibilities. The opportunity cost of 1 computer for _____ is _____ box(es) of roses. Select one: a. the United States; 1 b. Colombia; 2 c. the United States; 2 d. Colombia; 0.5

Figure 3-5 Hosne's Production Possibilities Frontier 10 9- 8 9 s wallets 1 2 3 4 5 6 7 8 4 purses and 8 wallets. O 7 purses and 7 wallets. O 10 purses and 6 wallets. 9 10 purses O 14 purses and 14 wallets. Merve's Production Possibilities Frontier 10 9 8- 3+ 6 5- 4+ Refer to Figure 3-5. If Hosne and Merve each divides her time equally between making purses and making wallets, then total production is 1 wallets 1 2 3 4 5 6 7 8 9 10 purses

QUESTION 10 product Y product Y 28 # 20 16 12 8 4 0 28 20 16 12 8 4 0 0 Fig. A Production Possibilities Frontier PPFO PPFO 4 8 PPFn 8 12 Fig. C Production Possibilities Frontier PPFn 16 12 Point E 20 16 24 product X Point E 20 product Y product Y 4 20 16 12 8 4 0 28 20 16 12 8 4 0 O 0 Fig. B Production Possibilities Frontier PPFO 4 PPFO PPFn 8 12 Fig. D Production Possibilities Frontier PPFn Point E 12 16 24 product X 16 20 Point E 20 24 product X 24 product X 10. Which of the above figures represents economic growth caused by an increase of resources specific to the production of product Y? (a) FIGA O (b) FIG B (c) FIG C O (d) FIG D

Question 36

(A) OC. C OD. D oo 53 (B) (C) 7 Which one of the above figures represents an economy's production possibilities frontier? OA. B O B. A o (D) Q 2

What is the opportunity cost (amount & item) of increasing production from 6,000 tons of cinnamon  to 7,000 tons of cinnamon ?  _________________

1. Production Possibilities Country X is faced with the following output combinations for capital goods and consumer goods. Capital Goods Option ABCDE 8000 16000 24000 32000 Consumer Goods 220000 200000 160000 100000 Complete parts a, b, c, and d. a. Graph the production possibilities curve for Country X with capital goods on the x-axis and consumer goods on the y-axis. b. Does the Law of Increasing Opportunity Costs hold for this example? Explain why or why not. c. As you move from point B to point C, what is the cost of one more consumer good? d. If Country X wanted to experience higher levels of economic growth over the next few years, would they be better off choosing option B (a combination of 8000 capital goods and 200,000 consumer goods) or option D (a combination of 24000 capital goods and 100,000 consumer goods)? Explain.

Refer to the production possibility frontiers for two friends Frodo and Sam who can both produce Ice creams and Jelly beans. Frodo's maximum production of Ice creams is 500 with no Jelly beans, or 2,000 Jelly beans with no Ice creams. Sam's maximum production of Ice creams is 600 with no Jelly beans, or 1,200 Jelly beans with no Ice creams. ICE CREAMS ICE CREAMS 600 500 1200 JELLY BEANS 2000 JELLY BEANS Frodo' PPF Sam's PPF Answer briefly these TWO questions in the box space provided below. Part A: Assuming efficient production without trade, derive the maximum amount of Jelly beans that can be produced by Sam along with 300 Ice creams. Describe your steps in detail. Part B: Assume that Frodo and Sam agree to specialize in production and trade between themselves. Frodo offers 1,000 Jelly beans to Sam in exchange for 300 lce creams. Would Sam agree to this trade?