8. Which one of the following must be held constant in drawing up a production-possibility frontier?
A) The total resources.
B) The quantity of money.
C) Money income.
D) Prices.
E) The allocation of resources among alternate uses.
4. Jasmine's Snack shop sells two brands of potato chips. Brand X costs Jasmine 60 cents per bag, and brand Y costs her $1. Draw Jasmine's production possibilities frontier if she has $60 budgeted to spend on potato chips. Why is it not " bowed out" ?
Not sure how to apply the following proposed society's possibility curve to study questions.
Output (per year)
Possibility Food(millions of tons) Tractors(millions)
A 0 30
Show each of the following events through a production possibility frontier graph, and analyze what the effects of it were on economic growth:
The effects of the Baby Boom-the sharp increases in the birth rates in the U.S. from 1946 to 1964-on the U.S. economy in the 1970s and 1980s.
The effects on the development
St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and available technology, as they use more of their resources for corn production, the
What is your interpretation of the efficient frontier and its portfolios? Based on your investment objective what portfolio would you prefer on the efficient frontier and explain why your choice is better than other portfolios with the same or similar objective but are not on the efficient frontier.
1. Portray the following data on a two variable diagram
Academic Year Total Enrollment Enrollment in ECon
1994-95 3000 300
95-96 3100 325
96-97 3200 350
97-98 3300 375
98-99
Can you please help on sketching a PPF for two goods that you choose. Assume the economy is in equilibrium at one point on the curve (label that point A)?
Explain which events would cause the economy to move from point A to either a point inside the curve, another point on the curve, or a point outside the curve.
