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can you explain each question with clarification 2. Consider a production possibility frontier - the ppf - and the efficient, inefficient, and unattainable points. explain
can you explain each question with clarification
2. Consider a production possibility frontier - the ppf - and the efficient, inefficient, and unattainable points. explain what makes those points efficient, inefficient, and unattainable. 5 pts each for 15 total pts 3. State the names of our economic resources/factors of production. Then, considering the circular flow model, explain in detail how the resource/factor market interacts with the households. 10 pts 4. You have finished a project at work for the Vice President of International Marketing. You have came developed a data set from the following information which is included in your project your third graph. Your company sells cyber security systems to the large European banks The information is the concerning the price of those systems and the amount banks may be willing to purchase from 2019-2021. Quantity (Q) is measured in hundreds of units sold and Price (P) is the measured in thousands of Euros. The Wall Street Journal article that included the data was entitled "Selling Cyber Security System's to Multi-National Banks." by Bruce Fregosi and was published on pages 36-41 on July 15, 2021. The data is below: Q 7 14 21 28 35 42 P 50 45 40 35 30 25 a. Clearly and accurately construct a well labeled line graph based on the information above. (15 pts) b. Calculate the slope of the line you have graphed, as price drops from 45 to 35. Show all work. (5 pts) c. Interpret the slope of the line you graphed. In your interpretation be certain to mention what type of relationship this is and, very specifically, explain what the number is telling us about the behavior of the variables relative to each other. (5 pts)Step by Step Solution
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