Free. No, because if there were any unemployed resources the economy would be producing below its PPF. B) 1 orange. 14. If there is an increase in land, labour or capital or an increase in the productivity of these factors, then the PPF curve can shift outwards enabling a better trade-off. C) 98 apricots. c. attainable but productive inefficient. Q 30 Q 30. All points outside PPF are unattainable (e.g., point Z). The point where the PPF touches the good-X axis is at 40 units of good X and the point where the PPF touches the good-Y axis is at 60 units. attainable but productive The PPF is graphically depicted as an arc, with one commodity represented on the X-axis and the other represented on the Y-axis. Question 6 The point where the PPF intersects the vertical axis is unattainable. d. 21 pears. A vertical line passing through the point `(h, 0)` intersects the ellipse `x^2/4+y^2/3=1` at the points `P` and `Q`.Let the tangents to the ellipse at P and Q meet at `R`. c. Under what circumstances would your personal PPF shift outward? The point where the PPF intersects the horizontal axis is A) unattainable. Explain how to derive a PPF. Consider two points on the PPF: point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. We find where the graph intersects the y axis by calculating f(0), as the x coordinate of all points on the y axis is 0. b. attainable and productive efficient. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? Step 1 of 5. b. attainable and productive efficient. attainable … What kinds of adjustments would you have to make in your life to make such a movement along the frontier? Each point on the … POINTS: 1. Similarly, the point where the PPC intersects the horizontal axis shows the amount of goods the economy can produce if we devoted all of our resources to producing goods. Option 3rd "all points on PPF curve" is correct. 1 pear. As a result of an increase in resources that can be used for the production of both goods, the PPF. D) 500 oranges. The point where the PPF intersects the vertical axis is a. unattainable. Thus, it shows the amount of services we could have if we devoted all of our resources to producing services. c. 3 apples. We can try to calculate these points of intersection and see what happens. d. 3 oranges. Answers: unattainable. Question: QUESTION 6 See Figure Below: The Point Where The PPF Intersects The Vertical Axis At 1,000 Is Quantity Of Gune (unit) 1.000 [A] ООО BOO IC H 700 600 D 500 Production Per Frontier 400 E 300 200 100 100 200 BOO 400 50O Quantity Of Butter Cone) O A. Attainable & Nieither Efficient Nor Inefficient. 3 Apples. attainable and productive efficient. Consider two points on the PPF: point A,at which there are 50 oranges and 100 apricots,and point B,at which there are 51 oranges and 98 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is A) 2 apricots. If a vertical line is drawn through the point (4, 3), at what point will it intersect the x-axis? How is the extreme point on the horizontal axis identified? C. . ANSWER: b. 26. At the intersection of a line and the x-axis, the value of y = 0. x = 4 for all the points on a vertical line - the x coordinate does not change. Figure 2.1 Production Possibilities. D) attainable and neither productive efficient nor productive inefficient. d. attainable and neither productive efficient nor productive inefficient. 2 apricots. The point where the PPF intersects the horizontal axis is a. unattainable. Question 10 The point where the PPF intersects the horizontal axis is Selected Answer: attainable and efficient. C) 95 apricots. attainable and productive efficient. b. If an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy? If the economy is currently at point A, the opportunity cost of moving to point B is. Step-by-step solution: Chapter: Problem: FS show all show all steps. B) 1 orange. The equation is easily plotted by following three steps. attainable and efficient. For example, if the graph of a parabola is plotted and the graph intersects the x-axis on the coordinate plane, the point(s) where the graph intersects the x-axis are the x-intercepts for that function. Economic Growth. c. attainable but productive inefficient. The point where the PPF intersects the vertical axis is a. unattainable. Multiple Choice . a. unattainable. c. 98 apricots. Consider two points on the PPF: Point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is a. If you spend all ve hours studying for your economics exam, you will score a 95 on the exam; therefore, your production possibilities frontier will intersect the vertical axis at 95. The point where the PPF intersects the vertical axis is . to figure out what goes in the blank. Explain what it would mean for you to move upward and to the left along your personal PPF. Explain what it would mean for you to move upward and to the left along your personal PPF. 15. C) attainable but productive inefficient. Moving from point A to B, B to C, and C to D, shows a trade-off between military goods and consumer goods. Point Z could be attained only if technology or/and resources increase and the economy shifts its PPF to the right. 14. Free. ANSWER: b. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Q 14 Q 14. c. attainable but productive inefficient. NATIONAL STANDARDS: United States - BUSPROG: Analytic. Law of Increasing Opportunity Cost. attainable and productive efficient. d. 3 oranges. The point where the PPF intersects the vertical axis is . If Δ(h) = area of the triangle PQR, Δ1 = 1/2≤h≤1maxΔ(h) and … Unlock to view answer. b. attainable and productive efficient. c. 98 apricots. Video Transcript. So let's say we have something like this. Label the points where the PPF intersects the axes, as well as several other points along the frontier. KEY: Bloom's: Comprehension . The point where the PPF intersects the vertical axis is a. unattainable. The Point (4,3) has coordinates of x=4 and y=3. If `delta (h)` Area of triangle `deltaPQR`, and `delta_1 max_(1/2<=h<=1)delta(h)` A further `delta_2 min_(1/2<=h<=1) delta … We plot the PPF on the diagram in Figure 2.1 "Production Possibilities" with Q C on the horizontal axis and Q W on the vertical axis. Any points inside the PPF represent inefficient usage of the resources, and any points outside the PPF represent that it is not attainable with the available resources. Multiple Choice . Such movement is considered an economic growth . Let's just look at an example of a graph. Before the Covid crisis, economists considered that the US economy was at “full employment.” Using the PPF model discussed in Chapter 2, it would be most appropriate to represent the pre-Covid US economy as A) a point inside the PPF B) a point outside the PPF C) A point on the PPF D) a point where the PPF intersects the horizontal axis E) a point where the PPF intersects the vertical axis b. attainable and productive efficient. KEY: Bloom's: Comprehension . d. attainable and neither productiveefficient nor inefficient. ANS: B PTS: 1 DIF: Difficulty: Moderate . For instance, how is the extreme point on the vertical axis identified? Graph showing increase in PPF. Unlock to view answer. b. shifts the PPF … b. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. horizontal axis ‘Score on chemistry exam’. Make sure to label the values where your PPF intersects the vertical and horizontal axes. 27. Pareto efficiency is any point on the PPF curve. If the economy is currently at point B, the opportunity cost of moving to point A is a. Some of our farm fields are being left unused. 1 orange. The point where the PPF intersects the horizontal axis is - 00330929 Tutorials for Question of Finance and Finance b. The points at which the PPF intersects the two axes reflect that the only one type of good is produced in the economy. attainable but inefficient. c. attainable but productive inefficient. B) attainable and productive efficient. b. attainable and productive efficient. c. Under what circumstances would your personal PPF shift outward? D) 3 oranges. Again the y axis is a vertical asymptote. attainable but productive inefficient. Correct answer to the question The point where the ppf intersects the vertical axis is: unattainable. Vertical Line: A vertical line is parallel to the y-axis and will only intersect with the x-axis. The point where the PPF intersects the vertical axis is. Answer to 3. As such, these points satisfy x = 0. An x-intercept is the point where a function intersects the x-axis on a Cartesian coordinate plane. 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