Question: Economic why we put TV unit in Y axis and Car in X axis? I) Suppose that each worker in the home country can produce

Economic

why we put TV unit in Y axis and Car in X axis?

I) Suppose that each worker in the home country can produce three cars of two televisions, Assume that Home has four workers. a) Graph the production possibilities frontier for the home country. a. 4 TV. OFF (units) Slope - -(MPLTV / MPLC) =-2/3 MPLTV I. -8 40- =1 AQ=-23 X MPLC. I = 12 Car, Qc (units)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The schedule below shows the number of packs of bagels bought in Davis, California, each day at a variety of prices Price of bagels ($/pack)Number of packs purchased per day 6 0 53,000 46,000 39,000...

Provide solutions to these attachments 17. A firm is currently experiencing troublesome times. the last dividend paid was $4.00, and is expected to decline at a rate of 5% per year into the...

Part 1: Directions : Complete the following practice FRQs. You must fully explain when asked to & fully label all graphs. FRQ 1 : Two countries, Marland and Teckana, can produce either clothing or...

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

answer the following qurstions (3) Appalled by the answer to the previous questions, you set your scientists to work again. They concoct another breakthrough technology that raises medical...

chapter 6 \" International Management It was once said that the sun never set on the British Empire. Today, the sun does set on the British Empire, but not on the scores of global empires, including...

Files 12:56 PM Mon May 16 25% Unit+2+workbook Q . . . Home Insert Draw Layout Review View Calibri Bold (Body) 36 B I U aAv A v Unit 2-Supply and Demand Name: HR: LAW OF SUPPLY Use the space below to...

econimcs 36574 (3) Appalled by the answer to the previous questions, you set your scientists to work again. They concoct another breakthrough technology that raises medical expenditures without...

Based on chapters 3 & 6 of this module, your Reflection paper should contain 400 words or more. explain what you learned in the corresponding module using your own words. chapter 3 Why Can We Not Get...

download the...

2.7. Explicit Solutions to Dierential Equations 109 power (kw) 20 15 10 5 0 08:00 10:00 12:00 14:00 16:00 time 18:00 2.7 Explicit Solutions to Dierential Equations In the very rare case in which an...

Give examples of an element, a compound, a heterogeneous mixture, and a homogeneous mixture.

After reading, The Value Journey: Improving Cost Structure Through Performance Improvement, answer the following questions: 1. Are there ways your facility is addressing the value-based healthcare...

Which of the following is a Category A source of authortative GANP for state and local governments? Multiple Choice GASB Technical Bulletins CASB Statements ( and Interpretationa ) Laerate of the...

Using the appropriate interest table, answer the following questions. (Each case is independent of the others). (a) What is the future value of 20 periodic payments of $5,000 each made at the...

During the past year, Stacy McGill planted a new vineyard on 150 acres of land that she leases for $30,000 a year. She has asked you, as her accountant, to assist her in determining the value of her...

Aikman (beginning capital, $60,000) and Rory (beginning capital $90,000) are partners. During 2012, the partnership earned net income of $70,000, and Aikman made drawings of $18,000 while Rory made...

On January 1, 2012, Tiggy Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $38,000. Related expenditures included: sales...

Towne Architects incorporated as licensed architects on April 1, 2012. During the first month of the operation of the business, these events and transactions occurred: Apr. 1 Stockholders invested...

Exhibit 3. Consider the following data: Item cost $120 ea. Order cost $100 per order Annual holding cost 20% of item cost Annual demand 25,000 ea. Average weekly demand 500 ea. Standard deviation of...

2. A Soviet invasion of Poland would lead to the severing of diplomatic relations between the United States and the Soviet Union.

1. Diplomatic relations between the United States and the Soviet Union would be severed in 1993 than that

1. To provide knowledge about various influencing techniques in communication situations.