# economics

posted by .

I answered some questions. pls check if they are correct and pls help in questions e and f.

Production Possibilities

Possibility Maximum Units of Good A Maximum Units of Good B
a 200 0
b 180 60
c 160 100
d 100 160
e 40 200
f 0 220

a. Plot these production possibilities, label the points, and draw the PPF (put good B on the x-axis).
b. If the economy moves from possibility c to possibility d, the opportunity cost unit of good B will be how many units of good A? 60
c. If the economy moves from possibility d to possibility e, the opportunity cost unit of good B will be how many units of good A? 40
d. In general terms, what happens to the opportunity cost of good B as the output of good B increases? Good rises and society produces more of that good
e. In general terms, what happens to the opportunity cost of good A as the output of good A increases?
f. What do the results in questions d & e imply about resources?

• economics -

Sorry, if you tried to "cut and paste" it doesn't work here. You need to type it all out.

Sra

## Similar Questions

1. ### Economics

Pls advise.. The max units of good A is 180 The max units of good B is 60 In general terms, what happens to the opportunity cost of good A as the output of good A increases?
2. ### Economics (Production Possibility Frontiers)

Assume that the endownment of capital and labor in a given society is 20 units of capital and 20 units of labor. The production function of good X can be expressed as X = K1/2L1/2, and the production of good Y can be expressed as Y …
3. ### precalculus

a shipment of 10 microwaves contains 3 defective units. in how many ways can a vending company choose 4 units if: a)all units are good b)2 units are good c) at least 2 units are good
4. ### math

How do you do this question? A shipment of 25 television sets contains three defective units. In how many ways can a vending company purchase four of these units and receive (a) all good units, (b) two good units, and (c) at least
5. ### Economics

Below is the production possibility information of small nations Arboc and Arbez, which can produce two goods, wheat, and coffee. The maximum quantity of each good is shown in the table below. Assume the two nations trade in a world …
6. ### Micro economics

Below is the production possibility information of small nations Arboc and Arbez, which can produce two goods, wheat, and coffee. The maximum quantity of each good is shown in the table below. Assume the two nations trade in a world …
7. ### Economics

Below is the production possibility information of small nations Arboc and Arbez, which can produce two goods, wheat, and coffee. The maximum quantity of each good is shown in the table below. Assume the two nations trade in a world …
8. ### economics

Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing …
9. ### Economics

At the present price of \$20 per unit, the firm is selling 2000 units of a good. It believes that the price elasticity of demand for the good is - 1.0. If the price is lowered to \$18, then the buyers would be expected to buy a) 1800 …
10. ### Economics

A Cobb-Douglas production function for new company is given by  f(x,y)  50x 2 5 y 3 5 where x represents the units of labor and y represents the units of capital. Suppose units of Labor and capital cost \$100 …

More Similar Questions