10 0 10 20 30 Puzza West Lothian 20 1319 10 O 10 20 Pizza East Lothian 30 In the accompanying diagrams, solid lines are production possibilities curves, and the dashed lines are trading possibilities curves. The data contained in the production possibilities curves are based on the assumption of
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- Beer Beer 20 10 0 20 1310 10 0 10 20 30 Pizza West Lothian 10 20 30 Pizza East Lothian Refer to the diagrams. The solid lines are production possibilities curves, the dashed lines are trading possibilities curves. The data contained in the production possibilities curves are based on the assumption of: O imperfect substitutability of resources between beer and pizza production. constant costs. decreasing costs. increasing costs.500 450 400 350- 300 250 Chris's Production Possibilities Frontier Katarina's Production Possibilities Frontier pizzas plazas 150 100- 50 100 150 200 250 300 350 400 meatballs 500 450- 400 350 300 250- 200- 150 100- 50- X a. 400 meatballs, 300 pizzas b. 550 meatballs, 250 pizzas c. 650 meatballs, 50 pizzas d. 500 meatballs, 200 pizzas 50 100 150 200 250 Refer to the Figure. If the production possibilities frontiers shown are each for one day of production, then which of the following combinations of meatballs and pizzas could Chris and Katarina together not produce in a given day?What does a production possibilities frontier illustrate?
- Minerals 25 (millions of tons) 20 15 10 5 5 10 15 20 25 Grapes (millions of tons) Figure 1 Production possibility frontier for Highland Towards the right of Figure 1 are two circular red markers with a line between them that you can use to draw a production possibility frontier on Figure 1. You can move the markers with the mouse by clicking on them and dragging. Alternatively, you can tab to each marker and then use the keyboard arrow keys. Decide where to position the red markers based on the information below. There are two countries, called Highland and Lowland, with very different geography. They both produce grapes and dig for minerals, using only labour, with constant returns to scale. Figure 1 shows the production possibility frontier for Highland and the table shows the working population and productivity for Lowland. Working population and production possibilities Working population Production of tons of grapes per person per year Production of tons of minerals per person per…Hacmillan Leaming Christine and Paul are deciding how to split their time between writing music and lyrics for their new album. Their PPF's for 72 h of work are shown. Christine and Paul have to write music for 8 songs and lyrics for 12 songs (4 songs already have music). When they are done, they can go to a private island and relax from all their hard work. It is possible that they will use more than 72 h. Once they start writing lyrics and music, assuming their hired help packs for them and their plane is waiting outside their door, in how many hours can they board the plane to their relaxing island getaway? Christine will write music for Paul will write music for Christine will write lyrics for Paul will write lyrics for h songs. songs. songs. songs. Music written (in # of songs) 1 0 Paul's PPF 1 Christine's PPF 2 Lyrics written (in # of songs))The graph below is Mendork's production possibility curve for the only two goods that it produces-quirks and quarks. Quantity of Quarks 800 700 600 500 400 300 200 100 A 2 4 6 8 10 12 14 16 18 20 Quantity of Quirks Select one: Refer to the graph above to answer this question. If new technology increased the output of quirks by 50%, how many quirks could be produced if 700 quarks were produced? B A. 9 quirks. B. 18 quirks. C. 10 quirks. D. 20 quirks. E. No quirks.
- Table 1: Production Capacity of COVID-FREE LAND.Toilet Rolls Sanitizers30,000 028,000 1,00024,000 2,00018,000 3,00010,000 4,0000 5,000Use information in Table 1 above to answer the following questions: In your own words, while making use of the graph that you have created in part a, explain what the PPF is. Cleary state all assumptionsand properties of the PPF.IC1 IC2 IC3 B Figure 1Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms Production Possibility Frontier Yards of carpet (Millions) Carpet looms (Thousands) 43 75 60 20 45 35 30 45 15 50 50 24- These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. 1.) Using the multipoint curve drawing tool, plot the six points that make up the PPF given in the table above (with carpet on the vertical axis). Properly label your curve. Carefully follow the instructions above and only draw the required object. 45 Carpet (millions) 15 30 60 75 (spuesnou) suoo| jade)
- Check my Below is a production possibilities table for consumer goods (automobiles) and capital goods (forkifts) Production Alternatives Type of production Automobiles Forklifts 20 27 21 12 a. Show these data graphically Instructions: 1. Use the drawing tool (PPC, plot 5 points totel) to draw e PPC curve. 2. Once all points have been plotted, click on the line (not individual points) end a tool icon will pop up. You can use this to enter exact co-ordinates for your points es needed.A production possibilities table for bananas and apples is shown below: Production Alternatives Type of Production A D E Bananas (pounds) 20 40 60 80 Apples (pounds) 100 75 50 25 a. Show these data graphically. Instructions: Use the tool provided 'PPC' to draw a PPC curve (plot 5 points total). 125 Tools 100 PPC 75 50 25 20 40 60 80 100 Bananas (in pounds) Apples (in pounds)Q/ Country X and Country Y are neighbours. Both Country X and Country Y can produce two goods: food and clothing. In one week, Country X can produce 4,400 clothing units or 2,200 food units, or a mix of the two. In one week, Country Y can produce 5,000 clothing units or 2,000 food units, or a mix of the two.For both Country X and Country Y, their individual trade-offs between clothing units and food units are constant, regardless of how they allocate their time. Currently, Country X produces 2,400 clothing units and 1,000 food units per week while Country Y produces 2,500 clothing units and 1,000 food units per week. c. Which country has a comparative advantage in food production? Which country has acomparative advantage in clothing production? Illustrate your answer using the PPC and showall the calculations. d. Should Country X and Country Y specialize and trade with one another? Why?
