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. We can try to calculate these points of intersection and see what happens. horizontal axis ‘Score on chemistry exam’. attainable and neither efficient nor inefficient. D) attainable and neither productive efficient nor productive inefficient. Answer to 3. On the PPF curve, it is impossible to increase one choice, without causing less production of the other. Thus, it shows the amount of services we could have if we devoted all of our resources to producing services. DIFFICULTY: Moderate. Label the points where the PPF intersects the axes, as well as several other points along the frontier. ANSWER: b. b. b. attainable and productive efficient. c. 98 apricots. Step-by-step solution: Chapter: Problem: FS show all show all steps. If an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy? 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`. 26. Law of Increasing Opportunity Cost. The point where the PPF intersects the horizontal axis is a. unattainable. No, because if there were any unemployed resources the economy would be producing below its PPF. The point where the PPF intersects the horizontal axis is - 00330929 Tutorials for Question of Finance and Finance Figure 2.1 Production Possibilities. b. 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 . 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. 1 pear. Question 6 The point where the PPF intersects the vertical axis is unattainable. Ob.attainable But Inefficient. D) 3 oranges. C. . An x-intercept is the point where a function intersects the x-axis on a Cartesian coordinate plane. If the economy is currently at point B, the opportunity cost of moving to point A is a. d. 21 pears. C) attainable but productive inefficient. D) 500 oranges. We also notice that the graph cuts neither the x axis nor the y axis. Q 30 Q 30. attainable and efficient. Make sure to label the values where your PPF intersects the vertical and horizontal axes. 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. 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 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. The point where the PPC intersects the vertical axis is the point on the PPC where we are not producing any goods. The point where the PPF intersects the vertical axis is. Answers: unattainable. 14. attainable but productive inefficient. Again the y axis is a vertical asymptote. If the economy is currently at point A, the opportunity cost of moving to point B is. Option 3rd "all points on PPF curve" is correct. attainable but productive 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. Moving from point A to B, B to C, and C to D, shows a trade-off between military goods and consumer goods. 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. 2 apricots. Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. c. 98 apricots. 2 apricots. attainable and productive efficient. The points at which the PPF intersects the two axes reflect that the only one type of good is produced in the economy. Graph showing increase in PPF. B) 1 orange. 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. attainable and neither productive efficient nor productive inef - e-eduanswers.com If Δ(h) = area of the triangle PQR, Δ1 = 1/2≤h≤1maxΔ(h) and … b. attainable and productive efficient. Free. Correct answer to the question The point where the ppf intersects the vertical axis is: unattainable. Each point on the … PPF refers to the different combination of goods and services that can be produced efficiently with given resources by a country. As such, these points satisfy x = 0. d. 3 oranges. Unlock to view answer. 27. c. attainable but productive inefficient. 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. 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. b. B) 1 orange. 14. Some of our farm fields are being left unused. 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 … 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. Multiple Choice . b. attainable and productive efficient. The point where the PPF intersects the vertical axis is. Such movement is considered an economic growth . If the economy is currently at point A, the opportunity cost of moving to point B is a. b. attainable and productive efficient. b. attainable and productive efficient. 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. attainable but productive inefficient. For instance, how is the extreme point on the vertical axis identified? c. attainable but productive inefficient. Pareto efficiency is any point on the PPF curve. c. attainable but productive inefficient. The point where the PPF intersects the horizontal axis is A) unattainable. 15. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? If a vertical line is drawn through the point (4, 3), at what point will it intersect the x-axis? KEY: Bloom's: Comprehension . to figure out what goes in the blank. Unlock to view answer. The point where the PPF intersects the vertical axis is a. unattainable. So let's say we have something like this. If the economy is currently at point B, the opportunity cost of moving to point A is a. ANS: B PTS: 1 DIF: Difficulty: Moderate . Step 1 of 5. The point where the PPF intersects the vertical axis is . NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . As a result of an increase in resources that can be used for the production of both goods, the PPF. 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. b. shifts the PPF … NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Explain what it would mean for you to move upward and to the left along your personal PPF. C) 98 apricots. NATIONAL STANDARDS: United States - BUSPROG: Analytic. Vertical Line: A vertical line is parallel to the y-axis and will only intersect with the x-axis. 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. b. Economic Growth. 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.