9514 1404 393
Answer:
- C
- E
- B
Step-by-step explanation:
The idea of a "production possibilities curve" is that there is a fixed relationship between possible production of one product and possible production of another. This relationship is presumed to exist because resources used to produce one product are then unavailable to produce the other product.
The graph of the curve generally has increased production in the direction away from the origin. So, points between the curve and the origin represent production choices that do not utilize all available resources of the kind that give rise to the curve. That is, points "inside" the curve represent under-utilization of resources.
1. Point C represents under-utilization.
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2. Points "outside" the curve are unattainable, because the curve represents production using all available resources.
Point E is unattainable.
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3. The assumptions behind the curve are that there must be a tradeoff between production of one item and production of another that uses the same resources. That is, increasing production of one item will necessarily decrease production of the other, representing a cost of the increased production of the first item. We call this cost an "opportunity cost", because it represents production opportunity lost with respect to the second item.
Choice B describes this situation.
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<em>Additional comment</em>
The very idea of a "production possibilities curve" represents the sort of simplification that is often used in the study of economics. The real world is much messier, and these curves are always dynamic. They are affected by the regulatory environment, resource quality, technology, product quality, and availability of alternate or competing products, among other things. The very existence of such a curve precludes the possibility of "win-win" situations, which we know are generally available if they are sought after.
If there’s a total of 210 fruit trees, and each tree produces 590 pounds a year, you multiply both those numbers and get 123,900 pounds a year.
All real numbers greater than or equal to -8. You can see 3 is a minimum point because at 3 the numbers start to increase again. -8 is the lowest number and the function is increasing as x approaches infinity starting at 3.
Answer:
A weak negative correlation
Step-by-step explanation:
where,
This represents a weak negative correlation
Answer:
There is a 0.175% chance of finding such a person who has all three characteristics.
Out of 4,000 people, 7 people would likely to match all three characteristics.
Step-by-step explanation:
A crime has been committed and after analyzing the evidence, police has found out that:
- The criminal's blood type is a type found in only 10% of the population.
- The criminal's footprint is a size 13 men's shoe and only 7% of the population wears such shoe size.
- Only 25% of the population owns clothing made from a fabric that matches the thread samples found at the scene.
We required to find out the probability of selecting a random person who would match all of these characteristics.
Since it is given that the three characteristics are independent of each other then the required probability is
P(all 3 characteristics) = P(1st characteristic)*P(2nd characteristic)*P(3rd characteristic)
P(all 3 characteristics) = (10/100)*(7/100)*(25/100)
P(all 3 characteristics) = 1750/1,000,000
P(all 3 characteristics) = 7/4000
P(all 3 characteristics) = 0.00175
P(all 3 characteristics) = 0.175%
So out of 4,000 people, 7 people would likely to match all three characteristics.
or
There is a 0.175% chance of finding such a person who has all three characteristics
