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.
Answer:
-1
Step-by-step explanation:
The axes on your graph are not labeled, so we have to assume they follow the usual convention. That is, the vertical axis is the y-axis, and the horizontal axis is the x-axis.
The x-coordinate tells how far to the left or right of the y-axis the point is. Here, point L is 1 grid square to the left of the vertical line that is the y-axis. If you follow the vertical line through L down to where it crosses the x-axis, you will see an unlabeled open circle there. (We don't know the purpose of that circle, but we call it to your attention so you know you're looking in the right place.)
Looking 4 more grid squares to the left of that point, you see the marking "-5". This tells you each grid square corresponds to one unit. Then the first one to the left of the y-axis (where the open circle is) has a value of -1. That is the value of the x-coordinate of point L.
The x-coordinate of point L is -1.
Answer:
A) 2704 hands
B) 16 hands
C) 144 hands
D) 384 hands
E) 208 hands
F) 400 hands
Step-by-step explanation:
See the attached file for explanation
Answer:
Step-by-step explanation:
The diameter of a circle is twice the radius, so the statement is false.
8 units that Is the answer
