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Author Question: Suppose the production possibilities for two countries, producing either food or clothing, are shown ... (Read 419 times)

savannahhooper

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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
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Marked as best answer by savannahhooper on Jun 18, 2019

reelove4eva

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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.
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savannahhooper

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Reply #2 on: Jun 18, 2019
Excellent


reelove4eva

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Reply #3 on: Jun 18, 2019
Great! Please up vote :D


D2AR0N

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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

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Reply #5 on: Jun 18, 2019
food.


Pea0909berry

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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

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


Pea0909berry

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Reply #8 on: Jun 18, 2019
Thanks


shoemake

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Reply #9 on: Jun 18, 2019
Welcome :)


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