Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 25 pts Use the graphing tool below to show the impact on of an technological improvement on a nations productive capabilities. Check mark

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Question 1 25 pts Use the graphing tool below to show the impact on of an technological improvement on a nations productive capabilities. Check mark the option "looking at shifts in production output". Now, move the dot on the slider bar to cause the curve to shift inward or outward in the scenario of technological improvement. Where did you shift the slider bar - inward or outward? Why? Take the screenshot/picture of the new graph. Insert the screenshot of your graph below. C Production Possibility Frontier Productionforitor = 11 G =(6. 9.22) Looking at one possibility Looking at shits in prodution outputs F =(8 83, 6 56) Point F represents producing 8.83 units of product X, and 6.56 units of product Y Point G represents producing 6 units of Product X, and 9.32 units of Product Y A shift in production output from F to G, would represent the opportunity cost 2.83 units of Goods X 4 produce in an increase of 2.65 goods Y produced Quantity of Good X Produced "packman fromplemailcom 27112147)Use the graphing tool below to show the impact on of supply chain shortages of numerous resources on a nations productive capabilities. Click "looking at shifts in production output". Now, move the dot on the slider bar to cause the curve to shift inward or outward in the scenario of supply chain shortages. Where did you shift the slider bar - inward or outward? Why? Insert the screenshot of your graph below. C Production Possibility Frontier Looking at one possibility Looking at shits in prodution outputs produced 32 34 38 32 Quantity of Good X ProducedQuestion 3 25 pts Use the graphing tool below to show a point that represents inefficient use of existing resources. Select "Looking at One Possibility" and then move the dot to illustrate an inefficient use of resources. Where is this new dot located - inside, on or outside the PPF? Insert a screenshot of your graph. C Production Possibility Frontier Productionfrontfor = 11 Looking at one possibility 0O Looking at shits in prodution outputs Capacity of good Y marked Quantity of Good X ProducedQuestion 4 25 pts Use the graphing tool below to show a point that represents production that is currently unattainable given current resources and technology. Select "Looking at One Possibility" and then move the dot to illustrate an unattainable level of production. Where is this new dot located - inside, on or outside the PPF? Insert a screenshot of your graph. 0 Production Possibility Fiontkr 1 m: II ._

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rediscovering Sustainability Economics Of The Finite Earth

Authors: ARG Heesterman

1st Edition

1317069846, 9781317069843

More Books

Students also viewed these Economics questions

Question

4. Similarity (representativeness).

Answered: 1 week ago