In this graph, what happens when we move from C to D, and why? Qnamity of Guns Produced Quantity of Butler Produced 0' For 10 more units of butter the firm loses making 50 units of guns. This is due to 'diminishing returns,I as you make an extreme amount of anything, it costs more and more work in terms of machine useage and labor time. 0\" For 10 more units of butter the firm loses making 50 units of guns. This is due to 'increasing returns,' as you very little of anything, it costs less and less work in terms of machine useage and labor time. OHI'For 50 more units of butter the firm loses making 10 units of guns. This is due to 'diminishing returns,I as you make an extreme amount of anything, it costs more and more work in terms of machine useage and labor time. W'For 50 more units of butter the firm loses making 5 units of guns. This is due to 'expansive returns,I as you make an extreme amount of anything, it costs less and less work in terms of machine useage and labor time. uesliun 1 Explain this graph and its meaning. capiul Goods $2M $18!! Sun Sun Consumer 0" Diminishing returns to growth, there is an opportunity cost in making capital goods like guns not consumer goods like butter. 0\" Unbiased growth, both choices for the Cosnumers budget are bought symmetrically so there is no bias in the society towards one type of product. O""Unbiased growth, both choices in the PPC curve are growing symmetrically so there is no bias in the society towards one type of product. CWBiased growth, both choices in the PPC curve are growing asymmetrically so there is bias in the society towards one type of product. Question] 29 points 5.: .mr What is an example of scarcity and opportuity cost? 0' Economic choices mean diminishing returns under scarcity. Scarcity could mean there are only 12 hours in a working day, and an opportunity cost might be that after 12 hours you produce less and earn less money. 0"' Economic choices all involve options under scarcity. Scarcity could mean there are only 12 hours in a working day, and an opportunity cost might be giving up 6 hours of study time to work and earn more money. O""Economic choices all involve options under scarcity. Scarcity could mean there are only 365 hours in a working day, and an opportunity cost might be giving up 65 hours of study time to work and earn more money. O\"Economic choices all involve options under scarcity. Scarcity could mean there are only 12 hours in a working day, and an opportunity cost might be adding another 6 hours of study time to 12 nours of work and earn more money. uuesliun ! Identify this Graph: Quantity of Guns Produced Quantity of Butter Produced 0' Circular flow of economy, where Consumers Supply, Firms Demand, and Purchases of Goods all become Income to Workers or Firm Owners. 0\" Production Possibilities Curve, where Firms make the Decision how much to produce between two sets of goods. OI"'Circular flow of economy, where Firms Supply, Consumers Demand, and Sales of Goods all become Income t0 Workers or Firm Owners. O""ProduCtion Possibilities Curve, where Consumers Supply, Firms Demand, and Purchases of Goods all become Income to Workers or Firm Owners. Eluesliun 5 Identify this Graph: Factors for production DEMAND 0" Circular flow of the economy, where Firms Supply, Consumers Demand, and Sales of Goods all become Income to Workers or Firm Owners. 0\" Circular flow of the economy, where Consumers Supply, Firms Demand, and Purchases of Goods all become Income to Workers or Firm Owners. O\""Production Possibilities Curve, where Consumers Supply, Firms Demand, and Sales of Goods all become Income to Workers or Firm Owners. O""Production Possibilities Curve , where Consumers Supply, Firms Demand, and Purchases of Goods all become Income to Workers or Firm Owners