This topic contains a solution. Click here to go to the answer
« previous next »
Pages: 1 2 3 4   Go Down

Author Question: Suppose the production possibilities for two countries, producing either food or clothing, are shown ... (Read 67 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jun 18, 2019


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Measuring food on the horizontal axis, the joint production possibility frontier
◦ will kink away from the origin at 20 units of food.
◦ will kink toward the origin at 10 units of food.
◦ will kink away from the origin at 10 units of food.
◦ will kink toward the origin at 20 units of food.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by savannahhooper on Jun 18, 2019

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


savannahhooper

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 18, 2019
Excellent


reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 18, 2019
Great! Please up vote :D


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #4 on: Jun 18, 2019


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The United States has a comparative advantage in producing
◦ food.
◦ clothing.
◦ food and clothing.
◦ neither good.


Pariscourtney

  • Sr. Member
  • ****
  • Posts: 352
Reply #5 on: Jun 18, 2019
food.


Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
Reply #6 on: Jun 18, 2019


Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. They can each produce any linear combination as well. Measuring food on the horizontal axis, the joint production possibility frontier
◦ will have a slope of -3/4 over the entire frontier.
◦ will have a slope of -1 when less than 20 units of food are produced.
◦ will have a slope of -1/2 when less than 20 units of food are produced.
◦ will have a slope of -2 when less than 20 units of food are produced.


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #7 on: Jun 18, 2019
will have a slope of -1/2 when less than 20 units of food are produced.


Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
Reply #8 on: Jun 18, 2019
Thanks


shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #9 on: Jun 18, 2019
Welcome :)


Pages: 1 2 3 4   Go Up
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Many Factors Influence Your Food Choices Many Factors Influence Your Food Choices
Use tap water when making coffee, tea, or juice from concentrate, and for food preparation Use tap water when making coffee, tea, or juice from concentrate, and for food preparation
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Pasteur's Experiment

For a complete list of videos, visit our video library