Business
Business, 12.03.2021 21:50, shoafmckenzie5263

Question 4) Suppose that Australia can only produce two products: cars and wheat. The following table shows the different amounts of outputs Australia can produce. (All numbers below are simplified to make calculations easier). Cars Wheat
(in tonnes)
1,000 0
500 200
400 240
0 400

a. Draw the Production Possibility Frontier (PPF) for the economy of Australia
b. Based on data from the above table, what is the opportunity cost of producing one car in Australia? What is the opportunity cost of producing one tonne of wheat?
c. Suppose that there has been a technological breakthrough in the car industry in Australia. A maximum of 1,500 cars can be now produced. Meanwhile, things remain the same for wheat production. Draw the new PPF (after the advancement in technology). Compare between the new PPF and the original PPF.
d. In the real world, a typical PPF is usually not a straight line but a concave (bowed out) curve. Use the concept of increasing marginal opportunity cost to explain why PPFs are usually concave curves

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:30, ava831
The monthly sales for yazici​ batteries, inc., were as​ follows: month jan feb mar apr may jun jul aug sept oct nov dec sales 19 20 17 12 11 18 16 17 19 22 21 24 this exercise contains only parts b and c. ​b) the forecast for the next month​ (jan) using the naive method​ = nothing sales ​(round your response to a whole​ number). the forecast for the next period​ (jan) using a​ 3-month moving average approach​ = nothing sales ​(round your response to two decimal​ places). the forecast for the next period​ (jan) using a​ 6-month weighted average with weights of 0.10​, 0.10​, 0.10​, 0.20​, 0.20​, and 0.30​, where the heaviest weights are applied to the most recent month​ = nothing sales ​(round your response to one decimal​ place). using exponential smoothing with alpha ​= 0.40 and a september forecast of 21.00​, the forecast for the next period​ (jan) = nothing sales ​(round your response to two decimal​ places). using a method of trend​ projection, the forecast for the next month​ (jan) = nothing sales ​(round your response to two decimal​ places). ​c) the method that can be used for making a forecast for the month of march is ▾ a 3-month moving average a 6-month weighted moving average exponential smoothing the naive method a trend projection .
Answers: 2
image
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
image
Business, 22.06.2019 16:30, allytrujillo20oy0dib
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
image
Business, 22.06.2019 19:10, ayoismeisalex
Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position
Answers: 3
Do you know the correct answer?
Question 4) Suppose that Australia can only produce two products: cars and wheat. The following tabl...

Questions in other subjects:

Konu
Mathematics, 12.03.2021 19:30
Konu
Mathematics, 12.03.2021 19:30
Konu
Mathematics, 12.03.2021 19:30