Please help me get the correct answer of the these multiple choices questions in
ID: 1132603 • Letter: P
Question
Please help me get the correct answer of the these multiple choices questions in economy class, question: 9; 8; 12; 13; 14; and 15 answer, thanks
QUESTION 9 Table 2-1 The following table contains some production possibilities for an economy for a given month. lammersN Nails 900 Refer to Table 2-1. If the production possibilities frontier is bowed outward, then "" could be 400. 450. 600. 750. PER QUESTION 10 Table 2-3 Production Possibilities for Footville SHOES 800 600 400 200 SOCKS 400 700 900 1000 MacBook
Explanation / Answer
9.As per the law of increasing opportunity costs and bowed out PPF, the correct option should be 750.
8. One of the option to be checked is also that the resouces are scarcce in the economy and the economy cannott produce more of all the goods simultaneusly. It will have to sacrifice one good to produce more of other.
12. The economy has the ability to produce on the PPC and inside the PPC. So correct option should be R,T,U
13. The economy cannot produce outside PPC at points Q and S as these are unattainable without incerase in resources and improvement in technology.
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