Refer to Exhibit 2-1. The PPF illustrates constant opportunity costs between guns and butter. O that guns are more important than butter. O increasing opportunity costs between guns and butter. O the opportunity cost of one unit of guns is four units of butter.
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- Question 12 The figures below depict the production possibilities frontiers (PPFS) for two people who can allocate the same amount of time between building wooden boats and solving crimes. Refer to these figures to answer the following questions. Gibbs Wooden Boats 3 30 Crimes Solved DiNozzo Wooden Boats51. Calculate the opportunity cost of one more aircraft after tradingConsider the production possibilities frontier in the figure shown. The opportunity cost of cars when moving from point B to point C: Cigars 4004 300 200 100 O a Ob OC Od 10 B C 20 30 D 40 Cars is greater than the opportunity cost of cars when moving from point A to point B. None of these statements are true. is less than the opportunity cost of cars when moving from point A to point. 8. is greater than the opportunity cost of cars when moving between any other two points.
- Steel (millions of tons) 8 30 20- 10 0 Country A Production possibilition curve 10 20 30 40 Chemicals (millions of tons) From the diagrams, it can be seen that 50 Steel (millions of tons) 8 20 10 0 Country B Production possibilities curve 10 20 30 40 Chemicals (millions of tons) O the slopes of the two curves indicate both countries will specialize in chemicals. O country B has an absolute advantage in both commodities. O it is more costly in terms of resources to produce steel in country A. O country B has a comparative advantage in chemicals. O country A has a comparative advantage in both commodities. 50Refer to the table and figure below. Option A Option B Option C Option D Option E Option F 50 Production Options Output of Trucks per Day 50 40 30 20 10 0 Output of Tanks per Day 0 20 30 38 45 50 Production Possibilities CurveQuestion 3 ( A B C D E Production Point Mountain Bikes a) straight-line; increase Ob) straight-line; decrease Oc) curved; decrease 0 30 50 60 65 d) curved; increase Beer 100 90 70 40 Refer to the table above. if you were to plot the points, then this would be a PPF, so when you try to produce 5 more mountain bikes from 60 to 65, the opportunity cost of beer will at a higher rate. 0
- Rafael's PPF Naomi's PPF 30 30 25 25 20 20 A 15 15 10 10 A 5 10 15 20 25 30 10 15 20 25 Rackets Rackets Refer to the diagrams above. Suppose that before trading, Rafael and Naomi had been producing at point A on their respective PPF. Then suppose they choose to specialize and trade. After specializing they trade 8 Rackets for 8 Balls. After this trade, Rafael will consume and Select one: а. 20 Rackets; 8 Balls b. 8 Rackets; 8 Balls C. 8 Rackets; 12 Balls d. 12 Rackets; 8 Balls Balls Balls 30QUESTION1 16+ 12+ 2 4 Tractors Refer to the diagram, moving from point C to point D, shows that the opportunity cost of extra Tractor is: r the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U S 14px A v Ix Paragraph Arial ve and Submit to save and submit. Click Save All Answers to save all answers. DELL Bread !!!30 Rafael's PPF Naomi's PPF 30 30 25 25 E of 20 20 A 15 15 10 10 A 5 5 10 15 20 25 30 0 5 10 15 20 25 30 Rackets Rackets Refer to the diagrams above. Suppose that before trading, Rafael and Naomi had been producing at point A on their respective PPF. What is Naomi's opportunity cost of producing 1 Racket? Select one: a. - 3 Balls b. - 1 Ball С. - 1/3 Вal d. - 15 Balls Balls Balls
- Gadgets 1204 110- 100 90 80 70 60 50 40 30 20 10 A C B D 10 20 30 40 50 60 70 80 90 100 Widgets Refer to Figure 2-16. The opportunity cost of obtaining 30 additional widgets by moving from point A to point C is approximately a. 10 gadgets. b. 10 gadgets and 30 widgets. c. 30 widgets d. 0 gadgets.Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to better stock their toy store shelves. The table below compares their production possibilities schedules Production Possibilities Schedules Geppetto Puzzles 80 64 48 32 16 0 Puppets 0 Geppetto: 10 20 30 40 50 Puzzles 50 40 30 20 10 8 puzzles and Lewis Puppets e Instructions: Enter your answers as a whole number. a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of trade, who is most likely to be the supplier of puzzles? Who is most likely to be the supplier of puppets? Puzzles (Click to select)) Puppets: (Click to select) b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles for each puppet. How many puzzles and puppets will each one have after they complete their trade? Lewis puzzles and puppets 30 45 60 75 90 puppetsFigure 2-7 engines 45 40 35 30 25 20 15 P 10 5 10 15 20 25 30 35 40 45 tvs Refer to Figure 2-7. What is the opportunity cost of moving from point M to point L? O a. zero O b. 15 tvs c. 20 engines and 15 tvs O d. 20 engines