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I already had the answers, I just need your explain. thanks! 1.Refer to The Production Possibilities Curve. What does a production possibilities frontier show? The

I already had the answers, I just need your explain. thanks!

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1.Refer to The Production Possibilities Curve. What does a production possibilities frontier show? The Production Possibilities Curve the various combinations of two goods a country can produce with its resources 2.Refer to The Production Possibilities Curve. What does the movement from point A to point D represent? The Production Possibilities Curve a trade-off of Y for X 3.At what level is the economy operating at when it is operating at a point inside the production possibilities curve? an inefficient level 4.Refer to The Production Possibilities Curve: Butter and Tractors. Why is point X inefficient? The Production Possibilities Curve: Butter and Tractors It is possible to produce 1.5 million more tonnes of butter without forgoing any tractors 5.Refer to The Production Possibilities Curve: Butter and Tractors. What does point C on the country's production possibilities curve represent? The Production Possibilities Curve: Butter and Tractors 6.the full employment of resources Refer to The Production Possibilities Curve: Butter and Tractors. When moving from point B to point C, what is the opportunity cost of 1000 additional tractors? 7.The Production Possibilities Curve: Butter and Tractors Long Description 1.5 million tonnes of butter 8.Refer to The Production Possibilities Curve: Butter and Tractors. When moving from point A to point D, what is the opportunity cost of 2500 additional tractors? The Production Possibilities Curve: Butter and Tractors 3.5 million tonnes of butter 11.Refer to The Production Possibilities Curve: Butter and Tractors. Under what circumstances could the economy consume more than 4 million tonnes of butter and more than 3000 tractors at the same time? The Production Possibilities Curve: Butter and Tractors when technological improvements occur in the production of either good 2.Refer to Figure 1. Which of the indicated total utility charts exhibits diminishing marginal utility? Figure 1 C 3.Assad buys a jacket, and his total utility is 100 utils. He then buys a second jacket, and his total utility increases to 180 utils. What is his marginal utility for buying the second jacket? 80 4.Refer to the Marginal and Total Utility Table: Coffee Consumption. What is the total utility when two cups of coffee are consumed in one day (x)? Marginal and Total Utility Table: Coffee Consumption 30 5.Refer to the Marginal and Total Utility Table: Coffee Consumption. What is the marginal utility of consuming a third cup of coffee (y)? Marginal and Total Utility Table: Coffee Consumption 6 7.Rebecca loves to eat chocolate. However, every piece of chocolate that Rebecca eats provides her with less total utility. What can we conclude about Rebecca's utility? Her marginal utility is decreasing. 9.Anna, a health nut, spends all of her money on two goodsapples and quinoa. The price of a gram of quinoa is five times higher than for a gram of apples. Assume that the utility she receives per gram of each good is exactly the same. Which of the following instructions would maximize her total utility? Buy apples until the marginal utility of quinoa is 5 times the marginal utility of apples. 10.Which of the following statements is true in a situation where a consumer could increase their total utility by buying more bread than butter? The marginal utility per dollar spent on bread must be higher than that of butter 11.Refer to the Marginal and Total Utility Table: Potato Chips and Pop. What is the marginal utility spent per dollar when two bottles of pop are consumed (x)? Marginal and Total Utility Table: Potato Chips and Pop Potato Chips $1Pop $2 7 12.Refer to the Marginal and Total Utility Table: Potato Chips and Pop. At what point is the consumer in equilibrium? Marginal and Total Utility Table: Potato Chips and Pop Potato Chips $1Pop $2 when two bags of chips and one bottle of pop are consumed 13.Refer to the Marginal and Total Utility Table: Potato Chips and Pop. If a consumer has $5 to spend, how much of each product will be consumed? Marginal and Total Utility Table: Potato Chips and Pop three bags of chips and one bottle of pop 14.Russell is considering the purchase of a new vehicle. He has learned that a Pathfinder is $40 000 and that a Range Rover is $100 000. He thinks that if he purchases the Pathfinder, then his marginal utility will be 400, and if he purchases the Range Rover, his marginal utility will be 800. Which should he purchase? The Pathfinder since the marginal utility per dollar spent is higher 15.Russell is considering the purchase of a new vehicle. He has learned that a Pathfinder is $40 000 and that a Range Rover is $100 000. He thinks that if he purchases the Pathfinder, then his marginal utility will be 400. Under which of the following situations will he purchase the Range Rover? If his marginal utility for the Range Rover is 1100. 17.Suppose the price of a hot chocolate on a cold day is $2. How much consumer surplus will Alex receive if he is willing to pay $5 for a cup of hot chocolate? $3 18.Refer to the Consumer and Producer Surplus Graph. What area is equal to the loss in consumer surplus as a result of the tax? Consumer and Producer Surplus Graph. GHAB 19.Refer to the Consumer and Producer Surplus Graph. What area is equal to the loss in producer surplus as a result of the tax? Consumer and Producer Surplus Graph. GBCF 22.Suppose the government imposes a new law that prohibits the sale of a good that was previously legal. Which of the following statements is correct regarding the new law? It will decrease consumer surplus

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