Friday

April 18, 2014

April 18, 2014

Posted by **trongboy16** on Tuesday, February 11, 2014 at 3:06am.

Combination Automobiles(thousands) Beef (thousands of tons)

A 0 10

B 2 9

C 4 7

D 6 4

E 8 0

a) Plot the production possibility data. What is the opportunity cost of the first 20000 cars produced? Between which points is the opportunity cost per thousand automobiles highest? Between which points is the opportunity cost per thousand tons of beef highest?

c) Does this production possibilities curve reflect the law of increasing opportunity cost? Explain.

d) What assumptions could be changed to shift the production possibilities curve?

**Related Questions**

economic - 6. The table below is a set of hypothetical production possibilities ...

economic - The table below is a set of hypothetical production possibilities ...

Economics - I have created an accurate graph on excel and I believe the answers ...

Economics - a. Plot (EXCEL directions are on this site.) these production ...

macroeconomics - Referring to the table in question 10, suppose improvement ...

economic - Draw a production possibilities curve for a hypothetical economy ...

economics - Answer the next three questions on the basis of the following ...

Math - A manufacture of a certain commodity has estimated that her profit in ...

Economics - no idea what to do guys, little help please 11. Answer the next ...

math - . The ones digit is 0. . The hundreds and tens digits are consecutive ...