Which graph depicts a technological breakthrough in the production of Y only

Q: A clothing factory manufactures leather as well as denim jackets. Suppose the opportunity cost of…

A: Opportunity cost refers to the amount of forgone benefit which could be obtained from choosing the…

Q: If US decides to use all it resources, it can either produce 50 cars or 25 computers.  What is the…

A: The opportunity costs can be defined as the loss from the production of one good when producing an…

Q: What is the island's maximTwo fields can be planted on Robinson Crusoe's island. Each can be used to…

A: The production possibility curve (PPC or PPF) is a curve showing the different amounts of two goods…

Q: If each person specialized according to comparative advantage and later decides to move 4 units of…

A: To calculate the specialization of each person, we can simply calculate the productivity ratios of…

Q: Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at…

A: Answer: Given,

Q: Explain the above statement with the help of a graph.

A: This is a key consequence of the H-O hypothesis, which asserts that a country will export the…

Q: Assume efficient production. Lagertha can spend her time either fishing or forging swords. She has…

A: The economic faces three economic problems, namely: (i) Human wants are unlimited (ii) Resources to…

Q: Click on the icon to read the news clip, then complete the following steps. Car production capital…

A: The Production Possibilities Frontier (PPF) is a diagram that shows every one of the various mixes…

Q: An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a…

A: The input-output analysis represents how much input is required in each sector to produce a certain…

Q: Suppose that Country A is capital-endowed. Using the following production functions, which product…

A: The capital and labor are the factors of production and thus the comparative advantage would be…

Q: Assume the table below shows the quantities of wine and cheese that a worker can produce in an hour…

A: Here we calculate the absolute and Comparative advantage and fill the blanks by using the given…

Q: Consider two countries that use labor as an input to produce two goods. • In South Korea, one hour…

A: The process of specialization is when a business or person decides to concentrate their efforts on a…

Q: Assume that a country with a market economy produces capital goods and consumer goods, use the data…

A: The law of increasing opportunity cost says that when we continue to increase the production of one…

Q: 06 England 80 70 60 50 40 PPF 30 20 10 10 20 30 40 50 60 cloth wine

A: Opportunity cost=sacrifice/gain =10/10=1

Q: In 2018, sizeable lithium deposits were discovered in Germany. Suppose that prior to the discovery…

A: The discovery of new lithium deposits in Germany or any rise in technology / resources will shift…

Q: Assuming England has 60 man-hours (mhrs) of labor resource available for production, and labor is…

A: Opportunity cost is the benefit that is derived from the not chosen alternative.

Q: In 2004, hurricanes damaged large parts of Florida, destroying homes, businesses, schools, and…

A: In an economy, any natural uncertainties will affect the market condition because it might result in…

Q: Assume China has 10,000 workers. Suppose that each Chinese worker produces either 30 pairs of boots…

A: Answer: Given, Total number of workers=10,000 Production of boots by each worker= 30 pairs per month…

Q: Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25…

A: Given: Feasible for Andreas is to knit 37.25 pairs of mittens.   Mittens per hour Scarves per…

Q: Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K =…

A: A firm uses different combinations of factors of production such as labor and capital to produce…

Q: Adam and Doug both build birdhouses.  Adam works 20 hours a week and produces 12 bird houses.  Doug…

A: The amount of output divided by the amount of inputs is usually observed as productivity. In…

Q: Which of the following describes an increase in technological knowledge? A farmer discovers that it…

A: Technological advancement is an important driver of economic growth as it allows to produce goods…

Q: Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is…

A: Opportunity cost is the benefit that is derived from the not chosen alternative.

Q: 24, A point on the production possibilities frontier reflects an a attainable point with full…

A: Representation of all the different combinations of goods that can be produced within an economy by…

Q: Why is Productivity important in economics? Give an example scenario Describe Productivity in…

A: Meaning of Production/Production Function: In production the output refers to the supply of…

Q: Oman is using capital - intensive methods of production. This statement is related to _____. a. For…

A: The economy has to decide on four major things. This is also called central problem of the economy.…

Q: Suppose a nation has a total of 12 units of labor, which can be used to produce either guns or…

A:

Q: Which of the following points is IMPOSSIBLE to produce but might be POSSIBLE to consume through…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: Briefly describe efficiency in production?

A: Efficiency: It means the ability to produce the desired product with a minimum of expense or…

Q: An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a…

A: Answer: The technology matrix (M) and the final demand matrix (D) will be as given below:…

Q: EBP Construction is producing cements and plywood. The production function of the economic goods are…

A: Production possibility curve shows the combination of two goods that a country can produce with…

Q: 14.Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor…

A: Production Possibility Frontier (PPF) is the indication of the various  Possibilities of production…

Q: Consider production possibilities of goods and services in China, Since 1980, the population of…

A: Given that the population of China has increased from 1 billion to more than 1.4 billion. And there…

Q: While explaining the given statement with a form of an example (table), state the most economical…

A: The factors used in production activities can be of two types – variable (labor) and fixed (land).…

Q: Assuming Portugal has 180 man-hours (mhrs) of labor resource available for production, and labor is…

A: Opportunity cost is the benefit that is derived from the not chosen alternative.

Q: Explain what is meant by the following statement, "an increase in productivity with respect to any…

A: Productivity refers to the ratio of total output produced by the total inputs used to produce the…

Q: Which factor is NOT associated with production at a college? Select one: a. the faculty b. classroom…

A: Production means to combine various inputs-raw materials(physical), L(labor) etc. to produce output.…

Q: 15 - According to the graph, for this economy, an increase in the quantity of capital goods produced…

A: Production possibility curve shows all the combination of two goods which can be produced with the…

Q: e in the rise of Japan? a. real estate b. Keiretsu

A: In Japan,while the market for old homes seems to be healthy, the market for new homes is being…

Q: Explain how (if at all) each of the following events affects the location of a country's production…

A: Unemployment is characterized as a circumstance where an individual of working age can't find a new…

Q: Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25…

A: The potential benefits being missed out on by an investor, individual, or business while choosing of…

Q: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week.…

A: Given: The US produces: 1,000 pairs of jeans per week 50 cell phones in a week China produces:…

Q: Solve the attachment.

A: The production possibilities frontier (PPF) shows the different possible combination of two goods…

Q: How can an economy increase the production of one good without reducing the production of another?…

A: To determine the factors resulting in increased production of one good without affecting the…

Q: In the following figure, which graph depicts a technological breakthrough in the production of good…

A: The provided graphs are:

Q: Draw a marker diagram showing how the equilibrium point changes if the production technology…

A: Market Equilibrium:- Whenever a industry is in balance, the price of a commodity or service usually…

Q: Andrew and Beth can each spend 10 hours a day making bread or making shoes. Andrew makes 2 shoes an…

A: Andrew and Beth can each spend 10 hours a day making bread or making shoes. Andrew makes 2 shoes an…