Draw a production possibilities frontier for guns and butter. both the Hawks and the Doves reduce their desired production of guns by the same amount. Thus, the frontier is very flat and the opportunity cost of producing butter is low. Show a point that is impossible for the economy to achieve. show a point that is feasible but inefficient. When the economy is producing a lot of butter, workers and machines best suited to making guns are being used to make butter, so each unit of guns given up yields a small increase in the production of butter. The marginal cost of producing cach of…, Suppose the graph on the next page shows Tanzania's production possibil…, Suppose the economy is in a long-run equilibrium.a. producing a lot of butter, workers and machines best suited to making guns are being used to make butter, so each unit of guns given up yields a small increase in the production of butter. Show a point that is impossible for the economy to achieve. b) Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape. Why has more resources and are impossible to achieve? e. There's no within the shaded area, which is outside of the year, requires more resources than area available on, therefore, in the possibles achieve. Draw a production possibility frontier for guns and butter. c. What is the opportunity cost of moving from point A to point B? So all this, um, all the parts that I know in this shifted away the partisanship area born along the, you know, outer cough. Economists have traditionally represented this range of choices by what they call a ‘Production Possibility Schedule’ (Table 1.1). On the graph the y-axis would stand for gun and the x-axis would stand for butter. Show a point on the graph that is impossible forthe economy to achieve. Imagine a society that produces military goods and consumer goods, which we we'll call "guns"? Solution for Imagine a society that produces military goods and consumer goods, which we’ll call “guns” and “butter.” a. Where is inefficient and listening is a on this is gonna be a point where is impossible. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C). Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doves (who want a smaller military). Not the next question. Click 'Join' if it's correct. So this question says, Imagine a society that produces military goods on congenial goods, which will call guns and water. Draw a production possibilities frontier for gunsand butter. So everything outside this cough outward impossible to achieve. And, um, why is most likely to have a boat out shape our efficiency movement along the cough measures? You know how many one good can must be sacrificed to make Lunda. c) Imagine that the society has two political parties, call them the Hawks ( who want a srong military ) and the Doves ( who want a smaller military ). producing butter is high. So that's kind of what the production possibility friends is about on on. Show a point on the graph that is impossible for the economy to achieve. Show a point on the graph that is feasible but inefficient.c. The production possibilities frontier has a bowed-out shape because the quantity of guns the economy must give up in order to produce more butter INCREASES the more butter is produced. Thus, the production possibilities frontier is steep. So now the first question draw. This was the value security. Okay, it's gonna look like think no, look like this somewhat. When the economy is producing a, lot of butter, workers and machines best suited to making guns are being used to, make butter, so each unit of guns given up yields a small increase in the production, of butter .Thus, the frontier is steep and opportunity cost of producing butter is, high. 2 2) Imagine a society that produces military goods and consumer goods, which we’ll call “guns” and “butter” a. Which party would get the bigger "peace dividend," measured by the increase in butter production? Draw a production possibilities frontier for guns and butter. show a point that is feasible but inefficient. Draw a production possibility frontier for guns and butter. Draw production possibility frontier for guns and butter using the concept of opportunity costs Explain why most, like we has a bold out shape. Between these points, what is the opportunity cost of a pound of butter? So you can say it is boat out toward because as a country, mhm make small real good, it becomes more difficult to increase production. b. a) Draw a production possibilities frontier for guns and butter. Thus, the frontier is steep and the opportunity cost of … 6. As the economy moves from producing Now, the second question show a point on the graph that is impossible for the economic toe achieve on show a points on the graph that is visible but inefficient. a.) Show a point that is impossible for the economy to achieve. b.) Thus, the frontier is steep and the opportunity cost of producing butter is high. show a point that is impossible for the economy to achieve. Draw the economy…, Draw a basic aggregate demand and aggregate supply graph (with LRAS constant…, Write a system of linear inequalities that models the information given, the…, An economy consists of three workers: Larry, Moe, and Curly. Which party would get a bigger piece divided, measured by the increase in border production. So if the ox stop making the gun amount off, you know, on guns, they will be able to make a more amount of border that the dogs would be able to while forfeiting the amount off guns. Plot the Points. When the economy is producing a lot of butter, workers and machines best suited to making guns are being used to make butter, so each unit of guns given up yields a small increase in the production of butter. draw a PPF for guns and butter. So, um, we're gonna explain that any point in the shaded area, mind you, this other shaded area, any point in the shitter area that it's not, you know, along the outer cough is possible. And then, um And then this study is bata, and this side is guns. When the economy is producing a lot of butter, workers and machines best suited to making guns are being used to make butter, so each unit of guns given up yields a small increase in the production of butter. Explain why it most likely has a bowed out shape. Show a point on your productionpossibilities frontier that the Hawks might choose and a point that the Doves might choose.d. Imagine a society that produces military goods and consumer goods, which we'll call "guns" and "butter." and "butter."? So if those, um if the ox stop making a lot of guns to be able to make far more amounts of border than the does because, you know therefore fitting this in a month of gods. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape. As a country makes more good, it becomes more difficult to increase production. The production possibilities frontier has a bowed-out shape because the quantity of guns the economy must give up in order to produce more butter_____ the more butter is produced. Show a point on the graph that is impossible for the economy to achieve. Both the ox and the dogs reduced their desired production of guns, but I do seem amount so the country reduces the size of military and ox, and those reduced their production of guns by the same amount. a. When the economy is producing a lot of guns, workers and machines best suited to making butter are being used to make guns, so each unit of guns given up yields a large increase in the production of butter. d. What is the opportunity cost of moving from point B to point C? 6 Draw a production possibilities frontier for guns and butter. It's possible, but it's inefficient. The following graph shows the production possibilities frontier for guns and butter. b. Each works 10 h…, EMAILWhoops, there might be a typo in your email. The point “H” … Remember the said two dogs? Imagine a society that produces military goods and consumer goods, which we'll call "guns" and "butter"a. Origin and Use . Thus, the frontier is steep and the opportunity cost of … A. Show or indicate location of a point on your production possibilities frontier that the Hawks might choose and a point that the Doves might choose. So the reduction and needs for guns would. b. Click 'Join' if it's correct, By clicking Sign up you accept Numerade's Terms of Service and Privacy Policy, Whoops, there might be a typo in your email. Thus, the production possibilities frontier is flat. So we're arts when the dogs would be able to while four feats in the same amount of guns. Imagine a society that produces military goods andconsumer goods, which we’ll call “guns” and “butter.”a. As a result. Imagine a society that produces military goods and consumer goods, which we’ll call “guns” and “butter.” a. Thus, the dogs would be efficient ( a ) draw a production possibilities frontier guns. Bowed out shape our efficiency movement along the cough is both outward because a country makes more,! 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