Free. Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. For example, if the graph of a parabola is plotted and the graph intersects the x-axis on the coordinate plane, the point(s) where the graph intersects the x-axis are the x-intercepts for that function. D) 500 oranges. Graph showing increase in PPF. b. The point where the PPC intersects the vertical axis is the point on the PPC where we are not producing any goods. Consider two points on the PPF: point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. Answer to 3. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? Notice that there is a point where it intersects or touches the Y axis, and there are a couple of points where intersex or touches the X axis as well. 7 apples. a. unattainable. The points at which the PPF intersects the two axes reflect that the only one type of good is produced in the economy. b. b. shifts the PPF … ANSWER: b. KEY: Bloom's: Comprehension . Multiple Choice . All the resour view the full answer b. attainable and productive efficient. d. attainable and neither productive efficient nor productive inefficient. DIFFICULTY: Moderate. attainable and efficient. The point where the PPF intersects the horizontal axis is a. unattainable. As a result of an increase in resources that can be used for the production of both goods, the PPF. Again the y axis is a vertical asymptote. B) attainable and productive efficient. Consider two points on the PPF: point A,at which there are 50 oranges and 100 apricots,and point B,at which there are 51 oranges and 98 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is A) 2 apricots. Similarly, the point where the PPC intersects the horizontal axis shows the amount of goods the economy can produce if we devoted all of our resources to producing goods. c. attainable but productive inefficient. Consider two points on the PPF: Point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears. The point where the PPF intersects the vertical axis is a. unattainable. Label the points where the PPF intersects the axes, as well as several other points along the frontier. Economic Growth. ANS: B PTS: 1 DIF: Difficulty: Moderate . All points outside PPF are unattainable (e.g., point Z). Q 14 Q 14. The point where the PPF intersects the vertical axis is a. unattainable. The equation is easily plotted by following three steps. The point where the PPF intersects the vertical axis is a. unattainable. 15. If the economy is currently at point A, the opportunity cost of moving to point B is a. 14. attainable and productive efficient. ANSWER: b. Some of our farm fields are being left unused. The PPF is graphically depicted as an arc, with one commodity represented on the X-axis and the other represented on the Y-axis. d. 3 oranges. Free. Before the Covid crisis, economists considered that the US economy was at “full employment.” Using the PPF model discussed in Chapter 2, it would be most appropriate to represent the pre-Covid US economy as A) a point inside the PPF B) a point outside the PPF C) A point on the PPF D) a point where the PPF intersects the horizontal axis E) a point where the PPF intersects the vertical axis Correct answer to the question The point where the ppf intersects the vertical axis is: unattainable. If an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy? b. attainable and productive efficient. Figure 2.1 Production Possibilities. horizontal axis ‘Score on chemistry exam’. Unlock to view answer. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . How is the extreme point on the horizontal axis identified? Pareto efficiency is any point on the PPF curve. c. attainable but productive inefficient. Vertical Line: A vertical line is parallel to the y-axis and will only intersect with the x-axis. a. unattainable. Question: QUESTION 6 See Figure Below: The Point Where The PPF Intersects The Vertical Axis At 1,000 Is Quantity Of Gune (unit) 1.000 [A] ООО BOO IC H 700 600 D 500 Production Per Frontier 400 E 300 200 100 100 200 BOO 400 50O Quantity Of Butter Cone) O A. Attainable & Nieither Efficient Nor Inefficient. attainable but productive We also notice that the graph cuts neither the x axis nor the y axis. If you spend all ve hours studying for your economics exam, you will score a 95 on the exam; therefore, your production possibilities frontier will intersect the vertical axis at 95. If the economy is currently at point B, the opportunity cost of moving to point A is a. PPF refers to the different combination of goods and services that can be produced efficiently with given resources by a country. d. attainable and neither productive efficient nor productive inefficient.. A decrease in the quantity of resources a. shifts the PPF leftward. A vertical line passing through the point `(h, 0)` intersects the ellipse `x^2/4+y^2/3=1` at the points `P` and `Q`.Let the tangents to the ellipse at P and Q meet at `R`. Label the points where the PPF intersects the axes, as well as several other points along the frontier. C) attainable but productive inefficient. If a vertical line is drawn through the point (4, 3), at what point will it intersect the x-axis? b. 15. attainable but productive inefficient. Explain how to derive a PPF. attainable but productive inefficient. attainable and productive efficient. In analytic geometry, using the common convention that the horizontal axis represents a variable x and the vertical axis represents a variable y, a y-intercept or vertical intercept is a point where the graph of a function or relation intersects the y-axis of the coordinate system. d. attainable and neither productiveefficient nor inefficient. attainable but inefficient. 1 orange. attainable … Thus, it shows the amount of services we could have if we devoted all of our resources to producing services. to figure out what goes in the blank. We can try to calculate these points of intersection and see what happens. C. . C) 98 apricots. Each point on the … c. Under what circumstances would your personal PPF shift outward? b. attainable and productive efficient. D) attainable and neither productive efficient nor productive inefficient. Consider two points on a PPF: point A,at which there are 500 oranges and 100 apricots,and point B,at which there are 501 oranges and 95 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is A) 5 apricots. attainable and neither efficient nor inefficient. Explain what it would mean for you to move upward and to the left along your personal PPF. If the economy is currently at point B, the opportunity cost of moving to point A is a. b. The point where the PPF intersects the horizontal axis is A) unattainable. 1 orange. 14. We plot the PPF on the diagram in Figure 2.1 "Production Possibilities" with Q C on the horizontal axis and Q W on the vertical axis. d. 3 oranges. Question 6 The point where the PPF intersects the vertical axis is unattainable. Moving from point A to B, B to C, and C to D, shows a trade-off between military goods and consumer goods. Such movement is considered an economic growth . c. 98 apricots. 2 apricots. Step-by-step solution: Chapter: Problem: FS show all show all steps. The point where the PPF touches the good-X axis is at 40 units of good X and the point where the PPF touches the good-Y axis is at 60 units. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? Question 10 The point where the PPF intersects the horizontal axis is Selected Answer: attainable and efficient. Multiple Choice . NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. d. 21 pears. We find where the graph intersects the y axis by calculating f(0), as the x coordinate of all points on the y axis is 0. c. attainable but productive inefficient. attainable and productive efficient. B) 1 orange. attainable and productive efficient. POINTS: 1. NATIONAL STANDARDS: United States - BUSPROG: Analytic. Q 30 Q 30. The Point (4,3) has coordinates of x=4 and y=3. Unlock to view answer. An x-intercept is the point where a function intersects the x-axis on a Cartesian coordinate plane. The point where the PPF intersects the vertical axis is. 3 Apples. Explain what it would mean for you to move upward and to the left along your personal PPF. attainable and neither productive efficient nor productive inef - e-eduanswers.com C) 95 apricots. 27. Set Q C = 0 and solve for Q W. In this case, the solution is Q W = L a L W. This corresponds to the Q W-intercept. Step 1 of 5. For instance, how is the extreme point on the vertical axis identified? Option 3rd "all points on PPF curve" is correct. D) 3 oranges. 26. The point where the PPF intersects the vertical axis is. Video Transcript. c. 3 apples. As such, these points satisfy x = 0. b. b. attainable and productive efficient. c. attainable but productive inefficient. So let's say we have something like this. If `delta (h)` Area of triangle `deltaPQR`, and `delta_1 max_(1/2<=h<=1)delta(h)` A further `delta_2 min_(1/2<=h<=1) delta … If the economy is currently at point A, the opportunity cost of moving to point B is. If Δ(h) = area of the triangle PQR, Δ1 = 1/2≤h≤1maxΔ(h) and … Let's just look at an example of a graph. The point where the PPF intersects the vertical axis is . Ob.attainable But Inefficient. b. attainable and productive efficient. c. 98 apricots. 1 pear. Consider two points on the PPF: point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. KEY: Bloom's: Comprehension . Point Z could be attained only if technology or/and resources increase and the economy shifts its PPF to the right. No, because if there were any unemployed resources the economy would be producing below its PPF. The point where the PPF intersects the horizontal axis is - 00330929 Tutorials for Question of Finance and Finance 2 apricots. d. attainable and neither productive efficient nor productive inefficient. B) 1 orange. c. Under what circumstances would your personal PPF shift outward? Law of Increasing Opportunity Cost. Answers: unattainable. On the PPF curve, it is impossible to increase one choice, without causing less production of the other. Click hereto get an answer to your question ️ A vertical line passing through the point (h, 0) intersects the ellipse x^2/4 + y^2/3 = 1 at the points P and Q .Let the tangents to the ellipse at P and Q meet at the point R . Make sure to label the values where your PPF intersects the vertical and horizontal axes. At the intersection of a line and the x-axis, the value of y = 0. x = 4 for all the points on a vertical line - the x coordinate does not change. ANS: B PTS: 1 DIF: Difficulty: Moderate . 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