Reference no: EM131345006
A nation with fixed quantities of resources is able to produce any following combination of bread and ovens.
Loaves of bread (millions) ovens (Thousands)
75 0
60 12
45 22
30 30
15 36
0 40
Assume that a certain number of previously produces oven are available in the current period for baking bread.
a. Using the data in the table, graph the ppf( with ovens on the vertical axis).
b. Does the principle of increasing "opportunity cost" hold in this nation? Explain briefly. (Hint: What happens to the opportunity cost of bread- measured in number of ovens as bread production increase?)
c. If this country chooses to produce both oven and breads, what will happen to the ppf over time? Why?
Now suppose that a new technology is discovered that allows twice as many loaves of bread to be baked in each existing oven.
d. Illustrate (on your original graph) the effect of this new technology on ppf.
e. Suppose that before the new technology is introduced, the nation produces 22 ovens. After the new technology is introduced, the nation produces 30 ovens. What effect of the new technology on production of bread? (Give the number of loaves before and after the change).
|
What the growth rates of output and capital in this model
: Consider an economy whose production function is Y = Kθ(AL)1-θ with A = 4K/L. Reduce the production function to the form y = ak. What is a? What are the growth rates of output and capital in this model
|
|
Conduct research on practices of vior reduction strategies
: Conduct research on historical, contemporary, and best practices of behavior reduction strategies. Use the "Behavior Reduction Strategies Table" to chart your findings.
|
|
Differentiate the main actions between doing and improving
: Describe a work task, a hobby, or another activity that you regularly do, and sequentially list the various actions you take in order to complete this activity. Consider the complexity of your list and the amount of steps required to complete the ..
|
|
Develop a chart or diagram
: Develop a chart or diagram that will illustrate how alleles influence the inheritance of traits such as through: dominant-recessive inheritance, incomplete dominance, X-linked inheritance
|
|
Does the principle of increasing opportunity cost
: Does the principle of increasing "opportunity cost" hold in this nation? Explain briefly. (Hint: What happens to the opportunity cost of bread- measured in number of ovens as bread production increase?)
|
|
How long it takes for the op amp to saturate
: The input is vS (t) = 10 u (t) V. Use Multisim to determine how long it takes for the OP AMP to saturate when VCC = 12 V.
|
|
Describe different types of consumers of healthcare industry
: HA425: Describe the different types of consumers of healthcare industry. Define the differences between qualitative and quantitative modalities for measuring consumer satisfaction.Explain the rationale for involving the patient in quality improvement..
|
|
Description of urban renewal from the reading
: For those who have lived in a city, do you have examples that support or contradict the description of urban renewal from the reading? 300 words no plagiarism thanks ASAP.
|
|
What frequency of compounding
: Is its calculation correct, and, if so, for what frequency of compounding? If you wish, you may also discuss how good an investment you think this site provides.
|