Ask Question, Ask an Expert


Ask Macroeconomics Expert


Below is a production possibilities table for consumer good (automobiles) and capital goods (forklifts):

Production Alternatives                     

Types of production


















a. Show these data graphically. On what specific suppositions is this production possibilities curve based?

b. If the economy is at point C, what is cost of one more automobile? Of one more forklift? Illustrate how the production possibilities curve reflects the law of increasing opportunity costs.

c. If the economy typified by this production possibilities table and curve were producing three automobiles and twenty forklifts, what could you wrap up about its use of its accessible resources?

d. What would production at the point outside the production possibilities curve indicate? What should take place before the economy can accomplish such a level of production?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910542

Have any Question? 

Related Questions in Macroeconomics

Examine our trade policies as they relate to other

Examine our trade policies as they relate to other countries that we normally trade with. Do we have a most favored nation status with any of these countries? Discuss the advantages of trade agreements and free trade are ...

Assignmenteach question needs at least 50 words minimumapa

Assignment Each question needs at least 50 words minimum APA Format Minimum of one reference per question. Please put the Part number as the header so I will know which one it is. Thanks. Part 1 Discuss the five main typ ...

Research on relationship between tcpip and internet based

Research on relationship between TCP/IP and Internet. Based on your findings, write a 3-4 page report and submit it to CourseNet. SLP assignment expectations Use information from the modular background readings as well a ...

A hierarchical network design methodology lets you design a

"A hierarchical network design methodology lets you design a modular topology that limits the number of communicating routers." Let' use VoIP as an example. Tell me what is the architecture of a VoIP network?

Business administration economics assignment-the purpose of

BUSINESS ADMINISTRATION ECONOMICS ASSIGNMENT- The purpose of an assignment is to ensure that the Learner is able to: Use methods of enquiry and research in a disciplined field. Interpret and evaluate text. Have a sound u ...

Discussion pointswhat might be some challenges in

Discussion Points: What might be some challenges in formatting a document? What are the added values in formatting a documenting? What new feature (s) enhanced your ability to better format your documents. I want to also ...

Supply-side policy and aggregate supplynbspreflecting on

Supply-side policy and Aggregate Supply.  Reflecting on Supply-side policy as well as aggregate supply theory, describe how shifts of the Aggregate Supply curve would worsen inflation and unemployment and result in stagf ...

What is the best resource for a gccg beginner to learn

What is the best resource for a GCC/G++ beginner to learn about implementing a distributed file sharing system on a Local Area Network?

Assignmentinstructions each part of this forum post should

Assignment INSTRUCTIONS: Each part of this forum post should be approximately 300 words in length. Both Part 1 and Part 2 should be posted in the same response. References must come from the reading provided in MLA. Part ...

Economics paper-general topoc area estimate and evaluate a

Economics Paper -General Topoc Area: estimate and evaluate a model of household saving. -Specific Topic is: Assessing whether the significant impact increase in the household saving rate soon after the onset of the 2008 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate