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Explain the movement from point A to B for the production of these two goods.
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- Answer the questions based on the figure below, which is for the country of Quantz. Production Possibilities for Coffee and Tea Quantity of Coffee 140 120 100 ВО 40 20 0 U 80 160 Quantity of Tea 240 320Exercise 2 Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. a. Graph the production possibilities frontier for the Foreign country.Give typing answer with explanation and conclusion A country can produce 38 quail eggs and 62 potatoes. What is the opportunity cost of 1 potato?
- How could a country shift its production possibilities curve to the right through improved technology?The following table and production possibilities frontier provide information about the production possibilities of Apple, a manufacturer of electronics. Use it to answer questions 15-19. Point HEUREK iPhone 600 500 400 iPhone iPod Touch 0 100 200 300 400 500 420 400 360 300 200 0 300 200 100 0 Apple's Production Possibilities 100 200 B 300 400 500 600 iPod TouchCorn (lb) Scarves(#)U.S. 20 10Mexico 25 5 What is the opportunity cost of one scarf in Mexico? a. 3 lbs of corn b. 1/3 lb of corn c. 2 lbs of corn d. 5 lbs of corn PreviousNext
- Does the slope of the production possibilities frontier become smoother as more and more producers are added to production?Economics HS Social Studies Unit: 01 Lesson: 01 Interpreting a Production Possibilities Curve 25 20 15 Curve 1 10 Curve 2 5 10 15 20 25 30 35 GUNS (S billions) 1. At which point on the curve is this nation likely to be at war? 2. How many billions of dollars are being spent on domestic goods at this point? On military goods? 3. At which point on the curve is this nation likely to be at peace, but still militarily prepared? 4. At this point, what is the amount of reduction in military spending from the point identified in question 1? 5. At which point is this nation in an apparent recession, underutilizing its resources? 6. What is the recessionary gap in terms of "butter"? What is the recessionary gap in terms of "guns"? 7. Curve 2 represents a decrease in production possibilities. Identify two possible reasons for the leftward shift in the PPC. a. b. C2010, TESCCC 07/01/10 page 24 of 26 BUTTER (S billions)scenario Production Advantage and Opportunity CostsAssume there are two countries, the United States and France, and two goods, automobiles andcomputers.The table presented below shows the number of automobiles and computers that the United States andFrance can produce with the same amount of resources.United States FranceAutomobiles 120 100Computers 60 55Source: Pearson Education Inc. 1.1 Which country has an absolute advantage in computer production? Motivate your answer.1.2 Which country has a comparative advantage in the production of automobiles? Motivateyour answer. 1.3 Assume these countries trade with one another under the conditions of free trade. Whichcountry will specialise in the production of automobiles? Motivate your answer. 1.4 If free trade exists between the United States and France, what are the highest and lowestlevels for the price of an automobile (expressed in terms of computers)? Motivate youranswer by stating which level favours the United States and France.
- A Moving to another question will save this response. Question 12 Time it takes to produce one car (hours) Time it takes to produce one Laptop (hours) Canada 2,000 4. China 4,800 12 Which good will China export and which good will Canada export? 2. Canada will export laptops and China will export cars. Canada will export cars and China will export laptops. China will export laptops and cars. Canada will export neither good. Canada will export laptops and cars. China will export neither good. 3 Moving to another question will save this response.1. James and Lisa can grow the following units of produce in a period of time: Tomatoes 180 150 James Lisa Peppers 45 50 a. Explain who has absolute advantage in producing each good. b. Calculate the opportunity cost for each producer and each good. c. Explain who has comparative advantage in producing each good.A country is producing and consuming cell phones and clothes. Initially they are producing 50 cell phones and 60 units of clothes with their 20 workers and 10 computers. Graph and explain the image.