Shirts Uo PPF₁ PPF2 PPF3 Books Consider a society facing the production possibilities frontiers in the figure shown. Out of the options provided, which is the most likely cause of a society moving from PPF1 to PPF3?

Bob is a skilled toy maker who is able to produce both cars and puzzles. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Choice PUZZLES A B с D E 30 25 20 15 10 On the following graph, use the blue points (circle symbol) to plot Bob's initial production possibilities frontier (PPF). 50 Hours Producing (Cars) (Puzzles) 8 0 2 4 6 8 0 16.0 1 4 2 0 2 3 CARS (Cars) 4 3 2 1 0 Produced 5 (Puzzles) 0 11 16 19 20 6 7 8 Initial PPF New PPF

Autos PPF Lumber E SCO 4. Refer to the figure above. Which point or points would society definitely prefer to point A?

Based on the figure attached, please answer below questions What this figure represents. Explain.  How does the above curve illustrate the tradeoff we must make to increase food production

Which concept is NOT illustrated by the production possibilities frontier?    A. tradeoffs  B. efficiency  C. opportunity cost  D. equity

Fill in the Blanks cupcakes A В muffins Type your answers in all of the blanks and submit Consider this unusual PPF. The opportunity cost of making cupcakes is lowest at point A (A, B, or C). The opportunity cost of making cupcakes is highest at point C (A, B, or C).

According to the article of Jan 18, 2016 "several Canadians are nominated for Oscars" answer the question that What is the trade off between movies and other goods and services? How is this trade off illustrated by the production possibilities frontier? Use economic concepts to answer this question.

Homework (Ch 02) Gilberto is a skilled toy maker who is able to produce both trains and drums. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Hours Producing Produced Choice (Trains) (Drums) (Trains) (Drums) 13 D 15 E 16 On the following graph, use the blue points (circle symbol) to plot Gilberto's initial production possibilities frontier (PPF). 30 25 Initial PPF 20 New PPF 15 10 TRAINS Suppose Gilberto is currently using combination D, producing one train per day. His opportunity cost ofproducing a second train per day is SNRUG

Macmillan Learning The accompanying graph shows the production possibilities frontier (PPF) for Rubberland. Rubberland only makes two products, rubber band balls and rubber hoses. The PPF shows the quantities of rubber band balls and rubber hoses Rubberland can produce in one day. Point A represents the combination of the two goods Rubberland currently produces. When a new method of rubber processing is discovered, the productivity of all Rubberland's inputs increases. Shift the PPF to show this change. Assume that Rubberland does not make more rubber band balls than it originally made at point A but still maximizes its output. Move point A to the new combination of the two goods. How many more rubber hoses does Rubberland now produce per day than before? Quantity of rubber band balls 200 180 160 140 120 100 Rubberland's Production Possibilities A 80 60 40 642 20 PPF 0 0 10 30 20 40 50 60 70 Quantity of rubber hoses 80 90 100 80 20 more hoses per day

5. Opportunity cost and production possibilities Van is a skilled toy maker who is able to produce both trucks and balls. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Hours Producing Produced Choice (Trucks) (Balls) (Trucks) (Balls) A 8 4 B 6 2 3 8 4 4 2 13 D 2 6 1 15 E 8 16 On the following graph, use the blue points (circle symbol) to plot Van's initial production possibilities frontier (PPF).