8. What is the opportunity cost of moving production from point B to point A?
9. What is the opportunity cost of increasing production of Toasters from 22 to 32 units?
10. What is the opportunity cost of moving production from point D to point A?
11. What is the opportunity cost of moving production from point C to point A?
12. What is the opportunity cost of increasing production of Kites from 34 to 75?
13. List all the points where resources are being used as efficiently as possible at full
employment:
4. Place an "X" where resources are being used inefficiently
. Place a "Y" in the area that can only be obtained through technological improvement
8. The opportunity cost of moving production from point B to point A would be the production of 50 units of kites.
9. The opportunity cost of increasing production of Toasters from 22 to 32 units would be the production of 40 units of kites.
10. The opportunity cost of moving production from point D to point A would be the production of 100 units of kites.
11. The opportunity cost of moving production from point C to point A would be the production of 50 units of toasters.
12. The opportunity cost of increasing production of Kites from 34 to 75 would be the production of 60 units of toasters.
13. At full employment, resources are being used efficiently at points B, C, and D.
4. The inefficiently used resources can be marked with an "X". The graph is not provided in the question, so it is not possible to determine the exact location.
. The area that can only be obtained through technological improvement can be marked with a "Y". Again, without the graph it is not possible to determine the exact location.
To answer these questions, I would need access to specific information about production points and their outputs. Once provided, I can assist in identifying the opportunity costs, points of resource efficiency, and areas that require technological improvement.
To determine the opportunity cost in each scenario, we need to understand what opportunity cost means. Opportunity cost refers to the value of the next best alternative that must be forgone in order to choose one option over another. It involves making a trade-off between different options.
8. To calculate the opportunity cost of moving production from point B to point A, we need more context and information about the different options available at points B and A. The opportunity cost would be the value of the production that could have been achieved at point B if the decision to move production to point A had not been made.
9. Similarly, to determine the opportunity cost of increasing production of Toasters from 22 to 32 units, we need to compare the benefits and costs of producing the additional 10 units. The opportunity cost would be the value of the alternative goods or services that could have been produced with the resources used to increase toaster production.
10. The opportunity cost of moving production from point D to point A would involve evaluating the benefits and drawbacks of the move. It would be the value of the production that could have been attained at point D if the decision to relocate to point A had not been made.
11. To calculate the opportunity cost of moving production from point C to point A, we need to compare the benefits and drawbacks of the move. The opportunity cost would be the value of the production that could have been achieved at point C if the decision to move to point A had not been made.
12. Similarly, to determine the opportunity cost of increasing production of Kites from 34 to 75 units, we need to evaluate the benefits and costs of producing the additional 41 units. The opportunity cost would be the value of the alternative goods or services that could have been produced with the resources used to increase kite production.
13. To identify the points where resources are being used efficiently at full employment, we need to analyze the production possibilities curve or frontier. The points on the curve represent the maximum possible production levels achievable with the given resources and technology. These points indicate efficient use of resources at full employment.
4. To identify areas of inefficient resource usage, look for points inside the production possibilities curve. These points represent suboptimal use of resources, indicating inefficiency or unused/underutilized resources.
. The area that can only be obtained through technological improvement can be represented as a combination of resources and technology advancements. Place a "Y" to indicate this area, as it represents the potential production levels that can be achieved with improved technology.
Please note that the specific details of the production possibilities curve, points A, B, C, D, and the units of production are not provided in the question, so it is necessary to have more information to provide a more precise answer.