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.
__
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.
_____
<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.
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Answer:
1970.5 thousand
Step-by-step explanation:
Given
Vehicle sales in 2009 = 10,002 thousand
Vehicle sales in 2013 = 17,884 thousand
Required
Determine the average rate of change;
From the given parameters, it can be seen that the number of vehicles is a function of year
Let x represent the years and y represent the number of vehicles;
Such that;
The rate of change is calculate as follows;
Hence, the average rate of change is 1970.5 thousand
Considering there is not much information my best guess would be 175-28x
Answer:
3 (m^2 - 16)
Step-by-step explanation:
factoring means taking out a common multiple of all the terms in the expression
in this case, if you multiply 3 and m^2, 3 and -16, you would get 3m^2-48
so you take the three and put it outside of the parenthesis that contains the factored terms
this leaves you with 3 (m^2 - 16)
