PPC schedule, Microeconomics

Assignment Help:
1)The productive capability of an economy is such that to produce 5 units of military good it takes 2 workers to be employed while 10 units of consumer goods require 3 workers. Resources are limited in such a way that only 75 units of military good can be produced when all resources are employed.
a)How much workers are in the economy?

b)What is the maximum amount of consumer goods that can be produced?

c)Construct the production possibility schedule and curve for this economy.

Related Discussions:- PPC schedule

E-commerce, consumers oriented application

consumers oriented application

Global business etiquette, Your company has a product that it is interested...

Your company has a product that it is interested in marketing in a foreign country. Using one of the following Websites, click on a country of your choice to learn about Etiquette,

Describe clearly how the interest rate is determined, (a) Describe clearly ...

(a) Describe clearly how the interest rate is determined in: (i) Loanable Funds Framework; and (ii) Liquidity Preference Framework. (b) According to Liquidity preference

Rent, quasi rent theory

quasi rent theory

Homework, If a person literally had “nothing else to do,” (a) What would b...

If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?

Price determination explain briefly about it by then, about the price deter...

about the price determination with the held of diagramatic explanation numerical explanation related to the concept

Economic acivity, The prevention of major swings in economic activity can b...

The prevention of major swings in economic activity can be handled most easily by the

Determine the wage of labor, Consider a hypothetical nation, Solowland, whi...

Consider a hypothetical nation, Solowland, which were in the steady state. We consider a constant return to scale production function based on two production factors, labor and cap

Increase in productivity and real wage earnings, Increase in Productivity a...

Increase in Productivity and Real Wage Earnings: Labour has been charged that whereas it presses for higher wages through trade unions, it has failed to raise productivity. Sh

Write Your Message!

Captcha
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