Reference no: EM131314713
A nation with fixed quantities of resources is able to produce any of the following combinations of bread and ovens:
These figures assume that a certain number of previously produced ovens are available in the current period for baking bread.
a. Using the data in the table, graph the ppf (with ovens on the vertical axis).
b. Does the principle of "increasing opportunity cost" hold in this nation? Explain briefly. (Hint: What happens to the opportunity cost of bread-measured in number of ovens- as bread production increases?)
c. If this country chooses to produce both ovens and bread, what will happen to the ppf over time? Why?
Now suppose that a new technology is discovered that allows twice as many loaves of bread to be baked in each existing oven.
d. Illustrate (on your original graph) the effect of this new technology on the ppf.
e. Suppose that before the new technology is introduced, the nation produces 22 ovens. After the new technology is introduced, the nation produces 30 ovens. What is the effect of the new technology on the production of bread? (Give the number of loaves before and after the change.)
|
How to take advantage of mobile applications
: Go to www.facebook.com/business to see how to build pages, ads, and sponsored stories, as well as how to take advantage of mobile applications. What are some of the steps that Facebook suggests a person consider when marketing using ads?
|
|
Primary sources of information in counter-terrorism
: What are the primary sources of information in counter-terrorism? How much of data used are from open sources?
|
|
Determine pressure difference between points a and b in psi
: A differential manometer is used to measure the pressure change caused by a flow constriction in a piping system as shown. Determine the pressure difference between points A and B in psi.
|
|
What is the break-even quantity for manual process
: a) What is the break-even quantity for the manual process? b) What is the revenue at the break-even quantity for the manual process? c) What is the break-even quantity for the mechani zed process? d) What is the revenue at the break-even quantity for..
|
|
Illustrate the effect of this new technology on the ppf
: If this country chooses to produce both ovens and bread, what will happen to the ppf over time? Why?Now suppose that a new technology is discovered that allows twice as many loaves of bread to be baked in each existing oven.
|
|
What is the minimum transfer balance
: An investor holds two bonds, one with 5 years until maturity and the other with 20 years until maturity. Which of the following is more likely if interest rates suddenly increase by 2%? A treasury manager is in the process of developing cash transfer..
|
|
What is the background of the current market
: What is the background of the current market? What are the most significant sources of competition for this company?What are the significant industry trends that could impact your company?Provide a brief synopsis of the overall market and key segment..
|
|
Compare and contrast the esh management systems
: Compare and contrast the ESH management systems approach with an ESH program designed to comply only with regulatory requirements.
|
|
Pre-employment inquiries in initial selection decisions
: 1. How can organizations avoid legal difficulties in the use of pre-employment inquiries in initial selection decisions?
|