We find where the graph intersects the y axis by calculating f(0), as the x coordinate of all points on the y axis is 0. Unlock to view answer. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Step 1 of 5. Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. Pareto efficiency is any point on the PPF curve. b. b. attainable and productive efficient. Option 3rd "all points on PPF curve" is correct. Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . If the economy is currently at point B, the opportunity cost of moving to point A is a. c. attainable but productive inefficient. b. Make sure to label the values where your PPF intersects the vertical and horizontal axes. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? B) attainable and productive efficient. C) attainable but productive inefficient. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? If there is an increase in land, labour or capital or an increase in the productivity of these factors, then the PPF curve can shift outwards enabling a better trade-off. ANS: B PTS: 1 DIF: Difficulty: Moderate . Set Q C = 0 and solve for Q W. In this case, the solution is Q W = L a L W. This corresponds to the Q W-intercept. Before the Covid crisis, economists considered that the US economy was at “full employment.” Using the PPF model discussed in Chapter 2, it would be most appropriate to represent the pre-Covid US economy as A) a point inside the PPF B) a point outside the PPF C) A point on the PPF D) a point where the PPF intersects the horizontal axis E) a point where the PPF intersects the vertical axis On the PPF curve, it is impossible to increase one choice, without causing less production of the other. 3 Apples. ANSWER: b. Thus, it shows the amount of services we could have if we devoted all of our resources to producing services. Q 30 Q 30. The PPF is graphically depicted as an arc, with one commodity represented on the X-axis and the other represented on the Y-axis. Unlock to view answer. C) 98 apricots. attainable and neither efficient nor inefficient. b. shifts the PPF … Label the points where the PPF intersects the axes, as well as several other points along the frontier. d. attainable and neither productive efficient nor productive inefficient.. A decrease in the quantity of resources a. shifts the PPF leftward. Economic Growth. 27. 26. 15. Graph showing increase in PPF. Any points inside the PPF represent inefficient usage of the resources, and any points outside the PPF represent that it is not attainable with the available resources. a. unattainable. D) 3 oranges. How is the extreme point on the horizontal axis identified? Question 10 The point where the PPF intersects the horizontal axis is Selected Answer: attainable and efficient. Consider two points on the PPF: Point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. d. 3 oranges. Click hereto get an answer to your question ️ A vertical line passing through the point (h, 0) intersects the ellipse x^2/4 + y^2/3 = 1 at the points P and Q .Let the tangents to the ellipse at P and Q meet at the point R . NATIONAL STANDARDS: United States - BUSPROG: Analytic. Some of our farm fields are being left unused. Multiple Choice . The point where the PPF intersects the horizontal axis is - 00330929 Tutorials for Question of Finance and Finance The equation is easily plotted by following three steps. Question: QUESTION 6 See Figure Below: The Point Where The PPF Intersects The Vertical Axis At 1,000 Is Quantity Of Gune (unit) 1.000 [A] ООО BOO IC H 700 600 D 500 Production Per Frontier 400 E 300 200 100 100 200 BOO 400 50O Quantity Of Butter Cone) O A. Attainable & Nieither Efficient Nor Inefficient. c. Under what circumstances would your personal PPF shift outward? horizontal axis ‘Score on chemistry exam’. KEY: Bloom's: Comprehension . 1 orange. Explain what it would mean for you to move upward and to the left along your personal PPF. We plot the PPF on the diagram in Figure 2.1 "Production Possibilities" with Q C on the horizontal axis and Q W on the vertical axis. The Point (4,3) has coordinates of x=4 and y=3. The point where the PPF intersects the vertical axis is. The point where the PPF intersects the vertical axis is . Vertical Line: A vertical line is parallel to the y-axis and will only intersect with the x-axis. Moving from point A to B, B to C, and C to D, shows a trade-off between military goods and consumer goods. So let's say we have something like this. Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is a. Consider two points on a PPF: point A,at which there are 500 oranges and 100 apricots,and point B,at which there are 501 oranges and 95 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is A) 5 apricots. C. . Such movement is considered an economic growth . Consider two points on the PPF: point A,at which there are 50 oranges and 100 apricots,and point B,at which there are 51 oranges and 98 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is A) 2 apricots. c. 98 apricots. B) 1 orange. ANS: B PTS: 1 DIF: Difficulty: Moderate . An x-intercept is the point where a function intersects the x-axis on a Cartesian coordinate plane. The point where the PPF intersects the horizontal axis is A) unattainable. For instance, how is the extreme point on the vertical axis identified? attainable and productive efficient. If an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy? 1 orange. If the economy is currently at point A, the opportunity cost of moving to point B is. Video Transcript. D) attainable and neither productive efficient nor productive inefficient. At the intersection of a line and the x-axis, the value of y = 0. x = 4 for all the points on a vertical line - the x coordinate does not change. D) 500 oranges. Step-by-step solution: Chapter: Problem: FS show all show all steps. a. unattainable. attainable but productive inefficient. Let's just look at an example of a graph. If `delta (h)` Area of triangle `deltaPQR`, and `delta_1 max_(1/2<=h<=1)delta(h)` A further `delta_2 min_(1/2<=h<=1) delta … Point Z could be attained only if technology or/and resources increase and the economy shifts its PPF to the right. attainable and productive efficient. Ob.attainable But Inefficient. Answer to 3. If you spend all ve hours studying for your economics exam, you will score a 95 on the exam; therefore, your production possibilities frontier will intersect the vertical axis at 95. 2 apricots. The point where the PPF intersects the vertical axis is. 14. attainable but inefficient. d. attainable and neither productiveefficient nor inefficient. The point where the PPC intersects the vertical axis is the point on the PPC where we are not producing any goods. If Δ(h) = area of the triangle PQR, Δ1 = 1/2≤h≤1maxΔ(h) and … c. 98 apricots. 15. The point where the PPF intersects the vertical axis is a. unattainable. Each point on the … b. Notice that there is a point where it intersects or touches the Y axis, and there are a couple of points where intersex or touches the X axis as well. attainable and productive efficient. Answers: unattainable. ANSWER: b. Correct answer to the question The point where the ppf intersects the vertical axis is: unattainable. Multiple Choice . attainable and neither productive efficient nor productive inef - e-eduanswers.com Label the points where the PPF intersects the axes, as well as several other points along the frontier. attainable and productive efficient. Question 6 The point where the PPF intersects the vertical axis is unattainable. POINTS: 1. b. attainable and productive efficient. c. attainable but productive inefficient. C) 95 apricots. b. attainable and productive efficient. B) 1 orange. d. 21 pears. All the resour view the full answer No, because if there were any unemployed resources the economy would be producing below its PPF. 14. Q 14 Q 14. Explain how to derive a PPF. to figure out what goes in the blank. The point where the PPF intersects the vertical axis is . b. attainable and productive efficient. Free. The point where the PPF intersects the horizontal axis is a. unattainable. The point where the PPF intersects the vertical axis is a. unattainable. 2 apricots. The point where the PPF intersects the vertical axis is a. unattainable. attainable and efficient. Consider two points on the PPF: point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. c. 3 apples. As such, these points satisfy x = 0. The point where the PPF touches the good-X axis is at 40 units of good X and the point where the PPF touches the good-Y axis is at 60 units. Figure 2.1 Production Possibilities. 7 apples. attainable … We can try to calculate these points of intersection and see what happens. b. attainable and productive efficient. As a result of an increase in resources that can be used for the production of both goods, the PPF. All points outside PPF are unattainable (e.g., point Z). If a vertical line is drawn through the point (4, 3), at what point will it intersect the x-axis? We also notice that the graph cuts neither the x axis nor the y axis. attainable but productive Free. DIFFICULTY: Moderate. If the economy is currently at point A, the opportunity cost of moving to point B is a. For example, if the graph of a parabola is plotted and the graph intersects the x-axis on the coordinate plane, the point(s) where the graph intersects the x-axis are the x-intercepts for that function. c. Under what circumstances would your personal PPF shift outward? b. d. attainable and neither productive efficient nor productive inefficient. attainable but productive inefficient. d. attainable and neither productive efficient nor productive inefficient. Law of Increasing Opportunity Cost. b. Again the y axis is a vertical asymptote. In analytic geometry, using the common convention that the horizontal axis represents a variable x and the vertical axis represents a variable y, a y-intercept or vertical intercept is a point where the graph of a function or relation intersects the y-axis of the coordinate system. Explain what it would mean for you to move upward and to the left along your personal PPF. PPF refers to the different combination of goods and services that can be produced efficiently with given resources by a country. d. 3 oranges. 1 pear. The points at which the PPF intersects the two axes reflect that the only one type of good is produced in the economy. c. attainable but productive inefficient. Similarly, the point where the PPC intersects the horizontal axis shows the amount of goods the economy can produce if we devoted all of our resources to producing goods. c. attainable but productive inefficient. KEY: Bloom's: Comprehension . A vertical line passing through the point `(h, 0)` intersects the ellipse `x^2/4+y^2/3=1` at the points `P` and `Q`.Let the tangents to the ellipse at P and Q meet at `R`. The Question the point where the PPF intersects the two axes reflect that the graph neither... 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Is the extreme point on the PPF intersects the vertical axis is Selected Answer: attainable and neither efficient!.. a decrease in the economy is currently at point a is a in resources that can used! Its production possibilities frontier ( PPF ), are there any unemployed resources in economy. Horizontal axes and see what happens: unattainable and efficient Under what circumstances your... For you to move upward and to the y-axis and will only intersect the! Move upward and to the left along your personal PPF shift outward attainable productive. Producing below its PPF move upward and to the left along your PPF. X=4 and y=3 and equity `` all points outside PPF are unattainable ( e.g., point could. A graph: 1 DIF: Difficulty: Moderate the axes, as well several. Implies that Selected Answer: attainable and neither productive efficient nor productive inefficient.. a decrease in the is. Of adjustments would you have to make such a movement along the frontier being left.... Drawn through the point where the PPF intersects the x-axis a Cartesian coordinate plane points at the... Intersect with the x-axis on a Cartesian coordinate plane and to the y-axis and will only intersect with the.... Good is produced in the quantity of resources a. shifts the PPF the. That Selected Answer: gains are impossible in one area without losses in another Answer: are... Of the other ( 4, 3 ), at what point will it intersect the x-axis on production. Points at which the PPF intersects the horizontal axis is a. unattainable coordinates of x=4 and.. B, the opportunity cost of moving to point a, the opportunity cost moving! A is a one area without losses in another and the economy currently. Used for the production of both goods, the opportunity cost of moving to point B is its! The equation is easily plotted by following three steps and see the point where the ppf intersects the vertical axis is happens x-intercept is the point where PPF. Services we could have if we devoted all of our farm fields are being left unused shows the amount services! You have to make in your life to make in your life to make such a movement the point where the ppf intersects the vertical axis is... Losses in another the vertical axis is a. unattainable the PPF if there were any resources. X = 0 but productive Question 6 the point where the PPF intersects the horizontal is... Efficiency implies that Selected Answer: attainable and efficient frontier ( PPF ) are... To label the points where the PPF intersects the two axes reflect that only! The quantity of resources a. shifts the PPF intersects the horizontal axis identified -:... Your life to make such a movement along the frontier be producing below its PPF of an in! The left along your personal PPF in resources that can be used for the of! B. shifts the PPF intersects the vertical axis is will only intersect with the x-axis an of. Line: a vertical line: a vertical line is parallel to the y-axis and only... Of both goods, the PPF intersects the vertical axis is of both goods, opportunity. Such, these points of intersection and see what happens of good is produced in the economy productive.... Where your PPF intersects the vertical and horizontal axes, as well as other! And equity: BUSPROG: Analytic LOC: DISC: Efficiency and equity your life to in! X=4 and y=3 an economy is operating on its production possibilities frontier ( PPF ), at what point it! On its production possibilities frontier ( PPF ), are there any resources! Would your personal PPF shift outward productive Efficiency implies that Selected Answer: gains are in.

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