Drag the production possibilities frontier (PPF) on the graph to show the effects of a long drought that reduces the amount of water available for farmers to use for irrigation. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. 120 100 80 INDUSTRIAL ROBOTS (Thousands) 60 40 20 PPF 0 0 60 120 180 240 300 360 WHEAT (Millions of bushels) PPF ?
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Step 1: On the graph, select the point at 120 on the left and move it to the right to make the endpoint appear at 180. Show more…
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Andrew D.
Suppose the United States produces two types of goods: agricultural and capital. The following diagram shows its current production possibilities frontier for corn, an agricultural good, and cars, a capital good. Drag the production possibilities frontier (PPF) on the graph to show the effects of an immigration law that results in fewer workers entering the country. Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
One point on a PPF shows production levels at 50 tons of coffee and 100 tons of bananas. Remaining on the PPF, an increase of banana production to 140 tons shows coffee production at 30 tons. Still remaining on the PPF, we see that coffee production at 10 tons allows banana production at 160 tons. The opportunity cost of a ton of bananas is Answers: A. constant because coffee production de-creased by the same amount each time. B. decreasing, since the increase in banana production is less at each point considered. C. 16 to 1, that is every 1 ton of coffee given up will result in 16 more tons of bananas. D. increasing from 1/2 ton of coffee to 1 ton of coffee per ton of bananas.
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