Table 1 Production choices for Billie's Bedroom Shop Choice A B C D E Quantity of Pillows Produced 36 27 18 9 0 Quantity of Blankets Produced 0 7 14 21 28 Refer to Table 1. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear along Billie's production possibilities frontier. inside Billie's production possibilities frontier. outside Billie's production possibilities frontier. at the vertical intercept of Billie's production possibilities frontier.
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- Sat Oct 30 2:46 PM Bookmarks Window Help History + 88 Safari File Edit View ng.cengage.com Sean is buying pizza and salad. b Answered: Now suppose Andre... X MindTap - Cengage Learning Bb Homework Assignments – Fou... Home - cuchicago.edu Concordia-Chicago | Concordi... Q Search this course « CENGAGE MINDTAP Maria v Refresh Your Math & Graphing Skills A My Home 40.00 4 10 Courses 40.00 8 A-Z Catalog and Study Tools Rental Options Use the black line (plus symbols) to plot the line illustrating the combinations of salad and pizza that Andrew can purchase with a budget of $40.00. College Success Tips Career Success Tips 30 RECOMMENDED FOR YOU 28 26 Initial Budget THE 24 COST 22 OF 20 bongo LIVING New Budget 18 Living Expenses: Key to Your 16 MORTGAGE SCHOOL FEES. 10364.00 ELECTRICITY BANK LOAN. INSURANCE 7000.00 .8745.00 Well-Being 14 1324.0 9423 12 10 ? Help 8 Give Feedback 4 2 + 8 10 12 14 16 18 20 22 24 26 28 30 4 SALAD (Bowls) ОСТ étv W W 30 280 PIZZA (Slices) 2.Tom and Abby produce rackets and balls. The tables show their production possibilities. Tom allocates all his resources and produces 2 rackets and 16 balls an hour. Abby allocates all her resources and produces 2 rackets and 4 balls an hour. Tom and Abby decide to specialize and trade. specializes in rackets and produces specializes in balls and produces A. Tom; 2 rackets; Abby; 32 balls B. Tom; 4 rackets; Abby; 8 balls C. Abby; 4 rackets; Tom; 32 balls D. Abby; 2 rackets; Tom; 8 balls E. Tom; 4 rackets; Tom; 32 balls The number of balls produced by If Tom and Abby specialize and trade 1 racket for 8 balls. gets rackets from for less than it costs gets balls from to produce them. to produce them, and for less than it costs Tom's Production Possibilities Rackets (per hour) 0 1 2 3 4 Abby's Production Possibilities Rackets (per hour) 0123 and and and and and 4 and and and and and Balls (per hour) 32 24 16 8 0 Balls (per hour) 8 006 NO 4 2 0Ryanair is considering offering dascounted flights from New York to Honolulu. The airlıne is offering a free round-trip ticket ko Hawata to the firu 600 people who show up at the new Hoedulu canunter in the aırline's main officT, starting Menday, the first day of basiness. You arrive 24 hours before it Es scheduled to open to be sure to get the free ticket, and you buy food from airport vendors whule waiting in line You successfully cbeaum the ticket What was the cost to you of obtainang the teket O the actual valae of the ticket the cost of food while you waited in line O the cost of ford while yuu wasted in line and the opportunity cost of the time you spent in line the actual value of the tacket and the cost of food while you waited in line
- 2. Below is a production possibilities frontier (PPF) for Happyland, acountry that produces only two goods- wine and cheese. wine cheese a) Explain what the production possibilities frontier is and how it illustrates scarcity. b) What happens to the marginal opportunity costof cheese production in Happyland as the country increases its cheese production? (increase, decrease, unchanged or indeterminate?) Explain how you can tell this from the PPFand why it happens. c) Briefly describe two specific policies the government of Happyland could undertake to shift out their PPF in future periods. (By specific policies, I mean something they can actually do to change productivity for either or both of these goods. "Increase resources," for example, is not a specific policy. What resources and what type of policy could increase the resources used for either of these products?)Point A B C D E Production chocolate bars 0 10 20 30 40 Production cans of cola 100 90 70 40 0 The above table shows production points on Sweet - Tooth Land's production possibilities frontier. Which of the following is an example of a point that is inefficient? A. 0 chocolate bars and 100 cans of cola OB. 38 chocolate bars and 0 cans of cola OC. 32 chocolate bars and 40 cans of cola OD. 20 chocolate bars and 80 cans of cola MEEDIUse the following table to answer the question below. Jake's Production Possibilities Schedule Pounds of Green Beans Pounds of Corn 160 120 80 40 0 0 10 20 30 40 Multiple Choice O One pound of green beans costs Jake pound(s) of corn. One pound of green beans costs Jane 1,4 1/4, 1 4,1 Jane's Production Possibilities Schedule Pounds of Green Beans Pounds of Corn 80 60 40 20 0 1, 1/4 0 20 40 60 80 pound(s) of corn.
- Use the following table to answer the question below. Jake's Production Possibilities Schedule Jane's Production Possibilities Schedule Pounds of Green Pounds of Corn Pounds of Green Pounds of Corn Beans Beans 160 80 10 120 20 60 40 20 80 40 30 40 60 20 40 80 Jake should specialize in the production of which good? neither both corn O green beansdo 2 1.-2.1 41 5 Gawain-Bahay Gamit ang character diagram isa-isahin ang mga katangian ni Don Crisostomo Ibara na nararapat na pamarisan ng kabataang tulad mo. Itala ang inyong sagot sa kahon at pagkatapos ay sagutin pines ucation BARZON) N OF BACOOR AL HIGH SCHOOL ang mga tanong na kaugnay nito. Crisostomo Ibarra H Moa Tanong 000 Near record 廳 ^9× 4) ENG 10:47 am 12/4/2024 10The figure shows the production possibilities frontier for Mario's, a pizza and pasta producer. Draw a point at which the firm achieves production efficiency. Label it Efficient. Draw a point that is attainable but inefficient. Label it Inefficient. ... What does it mean to say that production is inefficient? When production is inefficient, OA. all resources are assigned to tasks for which theyare the best match OB. there is a tradeoff betweenpizza and pasta OC. the firm can produce more pastaonly by producing lesspizza D. the firm can produce more pastawithout producinglesspizza 100- 90- 80- 70- 60- 50- 40- 30- Pasta dishes (per hour) 20- 10- 0- 2 0 PPF 10 12 5 4 6 8 Pizzas (per hour) >>> Draw only the objects specified in the question.
- K Joey "Jaws" Chesnut really likes eating Krystal burgers. The following table shows Joey's total cost (TC), marginal cost (MC), total benefits (TB), and marginal benefits (MB) for consuming Krystal burgers. Marginal Cost ructor Quantity of Krystal Burgers 0 1 456A W N 3 7 Total Cost $0.00 $1.00 $2.00 $.0 $4.00 $5.00 $6.00 N/A $1.00 $ $1.00 $1.00 $1.00 $1.00 $1.00 a.) Fill in the missing numbers table above. b.) How many Krystal burgers should Joey "Jaws" Chesnut optimally eat? Total Benefit $0.00 $4.41 $6.45 $8.03 $9.14 $10.05 Krystal burgers Clear all Marginal Benefit N/A $2.32 $2.09 $ $1.58 $1.11 $0.91 $0.36 Check answer 9. | ТСНIIP UI UDC | LTIvaty ruilty. I I CHTIIDDIUTƏ | LUTILOLL US TChip and Joanna are building a new home. Chip can cut 24 pieces of lumber or paint 4 rooms in a day. Joanna can cut 18 pieces of lumber or paint 2 rooms in an hour. Use this information to answer the following 4 questions. dp ca palnt 5. What is Chip's marginal cost of painting a room? a. 2 pieces of cut lumber 4 pieces of cut lumber c. 6 pieces of cut lumber d. 9 pieces of cut lumber chiy 24 b. Jlama 1 8. When Chip and Joanna work together, which of the following points satisfies production efficiency given their combined production possibilities? 4 rooms painted and 12 pieces of lumber cut b. 2 rooms painted and 24 pieces of lumber cut O rooms painted and 18 pieces of lumber cut d. 2 rooms painted and 30 pieces of lumber cut a. C.Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?