Country production possibilities frontier

Assignment Help Business Economics
Reference no: EM132013132

Assume that a country produces two goods, Autos and Rice.

The combination 15 m Autos and 20m tonnes of rice is on the country's production possibilities frontier. Which of the following production combinations is also on the production possibilities frontier?  

Explain your answer.

Reference no: EM132013132

Questions Cloud

Absolute size of public debt at the end : Suppose there is no public debt in year 1 but experiences a budget deficit of $60 billion in year 2, a budget surplus of $10 billion in year 3, a budget surplus
Specific goals and milestones of implementation : Begin by formulating a discussion on the specific goals and milestones of implementation of the initiative of child obesity in mexico.
Determinates of industry structure : Recent empirical evidence suggests that the health insurance industry is noncompetitive. Base on various determinates of industry structure
What is the absolute size of public debt : What is the absolute size of public debt at the end of year 5 is ___$ billion.
Country production possibilities frontier : The combination 15 m Autos and 20m tonnes of rice is on the country's production possibilities frontier. Which of the following production combinations
Depth and long duration of the great depression : Countries often resort to imposing barriers to trade during difficult economic times. Recall the Great Depression, which began in 1929, where unemployment.
Review problem on intelligence tests : Intelligence tests are commonly used in psychological and educational fields, as well as for the basis of various factors. Select an intelligence test.
Balance of payments by using small open economy model : Could you help me to explain the effect that Australia's mining boom of the 2000s had on Australia's balance of payments by using the small open economy model?
Mean and standard deviation of scores on final examination : (i) What is the mean and standard deviation of the scores on the final examination for ECO 3150 students?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd