Draw the linear production possibilities frontier

Assignment Help Business Economics

Reference no: EM131198098

Vulcan can produce 15 tons of macadamia nuts if it produces no bananas or 30 tons of bananas if it produces no macadamia nuts.

Part 1: Use the line drawing tool to draw the linear production possibilities frontier that illustrates this trade-off between production of macadamia nuts and production of bananas. Label the curve "PPF0."

Part 2: Now suppose there is a change in resources that increases the opportunity cost of producing one ton of macadamia nuts by two tons of bananas. All other things being equal, draw another production possibilities frontier to reflect the change in the opportunity cost. Label this new curve "PPF1."

Reference no: EM131198098

Questions Cloud

Explian what were moral implications of american imperialism : What were the moral implications of American imperialism? How did Imperialists justify their actions? How did the Anti-Imperialists justify their position? Consider role of race, economics, science, and religion. Cite each paragraph!

Karl marx contributions to sociology : What do you make of Karl Marx's contributions to sociology? What perceptions of Marx have you been exposed to in your society, and how do those perceptions influence your views?

Calculate the steady-state rotor speed : The parameters of a dc shunt machine are Rf = 240 Ω, LFF = 120 H, LAF = 1.8 H, ra = 0.6 Ω, and LAA = 0. The load torque is 5 N·m and Va = Vf = 240 V. Calculate the steady-state rotor speed.

Derive the equation from demand curve : 1. Derive the equation from your demand curve from the two price and sales points. 2. Are you currently operating in the elastic or inelastic portion of your demand curve? 3. You are paid a sales commission based on your total sales. What price would..

Draw the linear production possibilities frontier : Vulcan can produce 15 tons of macadamia nuts if it produces no bananas or 30 tons of bananas if it produces no macadamia nuts. Use the line drawing tool to draw the linear production possibilities frontier that illustrates this trade-off between prod..

Demonstrate meaning of setting out as used engineering : Demonstrate meaning of setting out as used engineering.

Calculate the no-load rotor speed : The rotor speed is 2000 r/min, and the armature voltage is 100 V. The armature resistance is 2 Ω and R f = 200 Ω . Calculate the no-load rotor speed.

Comparative advantage in lawn mowing : Once again, in an hour, David can washcars or mowlawn, and Ron can washcars or mowlawn. Who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing?

Relationship between the number of workers : In a diagram that has the number of workers on the horizontal axis and the number of shoes on the vertical axis, the relationship between the number of workers and the number of shoes starts as ________ and then, after the maximum point, is ______..

User Account

All Pages