Question
Draw a PPF showing decreasing opportunity costs. Show how the slope of the decreasing opportunity costs...
Draw a PPF showing decreasing opportunity costs. Show how the slope of the decreasing opportunity costs PPF indicates the opportunity cost of the good on the horizontal axis (HINT: start by defining "slope"; then showing slope on the PPF; then describing how that is exactly the definition of the opportunity cost of the good on the horizontal axis!) Can you think of goods which fit this type of PPF (one for each axis)? You are required to use Draw.io
Answers
The figure for decreasing the opportunity cost is shown below:
The Slope of the PPF is called the Marginal Rate of Transformation. It is defined as the rate at which the production of one good can be reallocated into the production of other good.
As described in the above figure, initially the consumer is giving up 100 units of banana to get 1 additional apple. Afterward, to get one more apple, he is willing to give up 20 more bananas so on and so forth. So, with every possible trade, the opportunity cost is declining and hence, it shows the case of decreasing opportunity cost.
Banana -100 Decreasing Opportunity cost 200 + 100 + V -60 in 40 1 2 3 4 5 6 Apple
Similar Solved Questions
1 answers
At the first tri-city meeting, there are 8 people from town A, 7 people from town B, and 5 people from town C
At the first tri-city meeting, there are 8 people from town A, 7 people from town B, and 5 people from town C. If a council consisting of 5 people is randomly selected, find the probability that 3 are from town A and 2 are from town B. How would I show my work on this equation?...
1 answers
Please answer all parts step by step as soon as possible. A helium ion (Q =...
Please answer all parts step by step as soon as possible. A helium ion (Q = + 2e) whose mass is 6.6 x 10-27 kg is accelerated by a voltage of 3700 V. (а) What is its speed? (b) What will be its radius of curvature if it moves in a plane perpendicular to a uniform 0.430-T field? (c) What is its...
1 answers
Which of the following represents valid constraints in linear programming? o 2X2 7XY 2X* 7Y 2...
Which of the following represents valid constraints in linear programming? o 2X2 7XY 2X* 7Y 2 500 - 2X + 3Y = 100 2X^2 + 7Y 250 All of the above are valid linear programming constraints. A Moving to another question will save this response....
1 answers
651/take Course Question 1 Calculate shear force on a beam if the stress 343.00 psi at...
651/take Course Question 1 Calculate shear force on a beam if the stress 343.00 psi at a depth of d from the top surface of the beam shown. Assume d=4in, b = 9 in, and h - 11 in edia 12 pts Time Running Anten : 57 Minutes, Any arbitrary plane Neutral axis...
1 answers
H If the price charged for a candy bar is p(x) cents, then x thousand candy...
h If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in a certain city, where p(x) = 157-1 10 a. Find an expression for the total revenue from the sale of thousand candy bars. b. Find the value of x that leads to maximum revenue. c. Find the maximum revenue. ...
1 answers
Ates o eackase before using any steilized items. Quick Check 10.2 As Scoren 0.00% Save Submit...
ates o eackase before using any steilized items. Quick Check 10.2 As Scoren 0.00% Save Submit Assignment for Grading Questions ch10.2.02 " Question 2 ofs Check My Work .It is recommended that 4. orother body fluids while caring for patients. 5. O gloves be worn when coming in contact with blood ...
1 answers
• 24. These tubes show the results of the Methyl Red test. Which is positive? Left...
• 24. These tubes show the results of the Methyl Red test. Which is positive? Left or Right 25. What does the positive result indicate chemically? E. COLT E. CLOACAE MR MR...
1 answers
A calorimeter contains 15 grams of water. The water's temperature increases by 10 C°. How much heat energy was added to the water? (Hint: water's specific heat is 1 cal/g°C)?
A calorimeter contains 15 grams of water. The water's temperature increases by 10 C°. How much heat energy was added to the water? (Hint: water's specific heat is 1 cal/g°C)?...
1 answers
In this assignment, you will create both a Domain Model Class Diagram (database model) and a...
In this assignment, you will create both a Domain Model Class Diagram (database model) and a Design Class Diagram (for programmers). The receptionists of the dental clinic are responsible for entering information about patients, including head of household information, insurance information, and num...
1 answers
Five construction companies each offer bids on three DISTINCT Department of Transportation (DOT) contracts. A particular...
Five construction companies each offer bids on three DISTINCT Department of Transportation (DOT) contracts. A particular company will be awarded at most one DOT contract. a) How many different ways can the bid be awarded? b) Under the assumption that the simple events are equally likely, find the pr...
1 answers
1-Explain how the synthesis of fatty acids is regulated (35 points). 2-Explain how beta-oxidation and fatty...
1-Explain how the synthesis of fatty acids is regulated (35 points). 2-Explain how beta-oxidation and fatty acids synthesis are reciprocally regulated (30 points). . 2- Explain how insulin and glucagon regulate lipolysis (35 points)....
1 answers
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,750 cash in the...
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,750 cash in the company. b. The company purchased office supplies for $457 cash. C. The company purchased $8,710 of office equipment on credit. d. The company received $1,859 cash as fees for services provided to a cu...
1 answers
A 4.21-L sample of gas at (298K.0.210 atm) is compressed to to a final volume of...
A 4.21-L sample of gas at (298K.0.210 atm) is compressed to to a final volume of 3.36 L. Assuming constant temperature, calculate the final pressure of the gas Answer: atm Note: you may enter your answer in Enotation Example: 1.5x10 in Enotation is 1.5E-6. Example: 10%, which is the same as 1x1016 i...
1 answers
In multiple regression analysis, which one of the following is the appropriate notation for error (residual)?...
In multiple regression analysis, which one of the following is the appropriate notation for error (residual)? O None of these answers is correct y-y...
1 answers
1. Let ABCDE be a regular pentagon on the unit sphere S with each side equal to s and each angle equal to 4pi/5. Find the exact value of cos a. Noticed that as in Euclidean geometry a regular pe...
1. Let ABCDE be a regular pentagon on the unit sphere S with each side equal to s and each angle equal to 4pi/5. Find the exact value of cos a. Noticed that as in Euclidean geometry a regular pentagon called a spear can be inscribed in a spherical circle The only ideas that can be used include: ...
1 answers
Describe the relationship between the following two molecules: Describe the relationship between the following two mole...
Describe the relationship between the following two molecules: Describe the relationship between the following two molecules: HS SH O Diastereomers O Constitutional isomers O Enantiomers O A meso compound Identical molecules Conformational isomers Submit Answer Tries 0/1...