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please give an detail explanation about it Use the following table for questions 1 and 2. The following production possibilities table represents an economy, which

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Use the following table for questions 1 and 2. The following production possibilities table represents an economy, which is producing two goods, tanks and autos. Production point B C D E F Tanks 10 20 30 40 Autos 2700 2600 2300 1800 1000 0 1. Refer to the table. Starting at point D, what is the opportunity cost of one more tank? A) 800 B) 80 C) 0.0125 D) 50 E) 400 2. Refer to the table. Starting at point D, what is the opportunity cost of one more auto? A) 0.0087 B) 0.02 C) 10 D) 50 E) 0.0125 3. Which of the following will not shift the production possibility curve outward? A) A decrease in the unemployment rate. B) A technological improvement in the production of both goods. C) An increase in the stock of capital. D) An increase in the education levels of labour. E) All of the above will cause the production possibility curve outward. 4. Ann has three options for Friday night, a play, a concert, and a movie, but can only choose one. Ann has already purchased a ticket to see a play for $45. The tickets are not returnable. Ann suspects that she would receive total Benefits for the play of $105. Bob would like to buy the play ticket from Ann for $40. Sam has invited Ann to see a concert. Ann believes the benefits of the concert to be $130 but Ann would have to buy a ticket for the concert for $100. Joy has invited Ann to go the movie. Ann believes the benefits of the movie to be $65 but she would have to buy a ticket for $15. What is the Net Benefit of going to the play? And what is Ann's decision? A) $10 Go to play B) -$15 Go to movie C) $15 Go to play D) $50 Go to play E) none of the above Use the following for questions 5-10. The table illustrate the production possibilities for Xylophones and Yogurt in the two countries, A and B. Both Countries exhibit constant opportunity costs. If produce only Xylophones If produce only Yogurt Country A X = 270, Y = 0 X = 0, Y = 810 Country B X = 330, Y =0 X = 0, Y = 1650 5. Country A has an absolute advantage in the production of A) both goods. B) Xylophones only. C) Neither good. D) Yogurt only. 6. What is the opportunity cost of one more Xylophone in Country A? A) 3 Xylophones B) 1/3 Xylophones C) 3 Yogurt D) 1/3 Yogurt E) None of the above. 7. What is the opportunity cost of one more Xylophone in Country B? A) 5 Xylophones B) 1/5 Xylophones C) 5 Yogurt D) 1/5 Yogurt E) None of the above

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