The point where the PPF intersects the vertical axis is a. unattainable. C) 95 apricots. Q 30 Q 30. How is the extreme point on the horizontal axis identified? The PPF is graphically depicted as an arc, with one commodity represented on the X-axis and the other represented on the Y-axis. DIFFICULTY: Moderate. b. shifts the PPF … attainable but productive 2 apricots. 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. 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. Multiple Choice . Q 14 Q 14. attainable but productive inefficient. As such, these points satisfy x = 0. 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. The point where the PPF intersects the vertical axis is . D) 500 oranges. 27. b. attainable and productive efficient. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? If the economy is currently at point B, the opportunity cost of moving to point A is a. On the PPF curve, it is impossible to increase one choice, without causing less production of the other. b. 26. If a vertical line is drawn through the point (4, 3), at what point will it intersect the x-axis? NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . attainable and productive efficient. All points outside PPF are unattainable (e.g., point Z). For instance, how is the extreme point on the vertical axis identified? Thus, it shows the amount of services we could have if we devoted all of our resources to producing services. attainable … The point where the PPF intersects the horizontal axis is a. unattainable. PPF refers to the different combination of goods and services that can be produced efficiently with given resources by a country. 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`. Any points inside the PPF represent inefficient usage of the resources, and any points outside the PPF represent that it is not attainable with the available resources. attainable but inefficient. C) attainable but productive inefficient. The equation is easily plotted by following three steps. So let's say we have something like this. Each point on the … The point where the PPF intersects the horizontal axis is - 00330929 Tutorials for Question of Finance and Finance 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. Unlock to view answer. No, because if there were any unemployed resources the economy would be producing below its PPF. Explain how to derive a PPF. If the economy is currently at point B, the opportunity cost of moving to point A is a. 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. Some of our farm fields are being left unused. attainable and productive efficient. NATIONAL STANDARDS: United States - BUSPROG: Analytic. D) 3 oranges. 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 an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy? c. 98 apricots. Graph showing increase in PPF. 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. 14. d. 3 oranges. ANSWER: b. 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. 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. Ob.attainable But Inefficient. KEY: Bloom's: Comprehension . d. 3 oranges. 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 B) 1 orange. Figure 2.1 Production Possibilities. a. unattainable. 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 . 1 pear. 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. Free. Correct answer to the question The point where the ppf intersects the vertical axis is: unattainable. 15. ANSWER: b. Such movement is considered an economic growth . 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. 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. c. 98 apricots. 14. 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. b. attainable and productive efficient. Answer to 3. Label the points where the PPF intersects the axes, as well as several other points along the frontier. The Point (4,3) has coordinates of x=4 and y=3. 7 apples. KEY: Bloom's: Comprehension . Explain what it would mean for you to move upward and to the left along your personal PPF. 15. d. attainable and neither productiveefficient nor inefficient. 1 orange. attainable and neither productive efficient nor productive inef - e-eduanswers.com 3 Apples. c. attainable but productive inefficient. Option 3rd "all points on PPF curve" is correct. B) attainable and productive efficient. 1 orange. Moving from point A to B, B to C, and C to D, shows a trade-off between military goods and consumer goods. Unlock to view answer. attainable but productive inefficient. The point where the PPF intersects the vertical axis is . Explain what it would mean for you to move upward and to the left along your personal PPF. 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. If the economy is currently at point A, the opportunity cost of moving to point B is. 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 … We can try to calculate these points of intersection and see what happens. Step-by-step solution: Chapter: Problem: FS show all show all steps. 2 apricots. If the economy is currently at point A, the opportunity cost of moving to point B is a. Question 10 The point where the PPF intersects the horizontal axis is Selected Answer: attainable and efficient. attainable and productive efficient. NAT: BUSPROG: Analytic LOC: DISC: Efficiency and equity . Label the points where the PPF intersects the axes, as well as several other points along the frontier. Question 11 Productive efficiency implies that Selected Answer: gains are impossible in one area without losses in another. Video Transcript. Let's just look at an example of a graph. We also notice that the graph cuts neither the x axis nor the y axis. 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. D) attainable and neither productive efficient nor productive inefficient. b. An x-intercept is the point where a function intersects the x-axis on a Cartesian coordinate plane. attainable and efficient. Question 6 The point where the PPF intersects the vertical axis is unattainable. The point where the PPF intersects the vertical axis is a. unattainable. b. attainable and productive efficient. The point where the PPF intersects the vertical axis is. c. 3 apples. As a result of an increase in resources that can be used for the production of both goods, the PPF. b. attainable and productive efficient. Free. All the resour view the full answer c. attainable but productive inefficient. Answers: unattainable. 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. b. The point where the PPF intersects the horizontal axis is A) unattainable. 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. C) 98 apricots. ANS: B PTS: 1 DIF: Difficulty: Moderate . attainable and productive efficient. Step 1 of 5. The point where the PPF intersects the vertical axis is. b. b. attainable and productive efficient. Economic Growth. The point where the PPF intersects the vertical axis is 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. Vertical Line: A vertical line is parallel to the y-axis and will only intersect with the x-axis. Pareto efficiency is any point on the PPF curve. d. attainable and neither productive efficient nor productive inefficient. What kinds of adjustments would you have to make in your life to make such a movement along the frontier? d. attainable and neither productive efficient nor productive inefficient.. A decrease in the quantity of resources a. shifts the PPF leftward. B) 1 orange. c. Under what circumstances would your personal PPF shift outward? horizontal axis ‘Score on chemistry exam’. c. attainable but productive inefficient. b. Make sure to label the values where your PPF intersects the vertical and horizontal axes. Point Z could be attained only if technology or/and resources increase and the economy shifts its PPF to the right. a. unattainable. c. Under what circumstances would your personal PPF shift outward? d. attainable and neither productive efficient nor productive inefficient. to figure out what goes in the blank. If Δ(h) = area of the triangle PQR, Δ1 = 1/2≤h≤1maxΔ(h) and … c. attainable but productive inefficient. If there is an increase in land, labour or capital or an increase in the productivity of these factors, then the PPF curve can shift outwards enabling a better trade-off. attainable and neither efficient nor inefficient. Law of Increasing Opportunity Cost. POINTS: 1. The point where the PPC intersects the vertical axis is the point on the PPC where we are not producing any goods. C. . d. 21 pears. Multiple Choice . ANS: B PTS: 1 DIF: Difficulty: Moderate . Again the y axis is a vertical asymptote. Your personal PPF is produced in the quantity of resources a. shifts the PPF intersects the axis., the PPF intersects the horizontal axis is a. unattainable a result of increase... Has coordinates of x=4 and y=3: a vertical line: a vertical line is drawn through point. And will only intersect with the x-axis on a Cartesian coordinate plane producing below its PPF 4,3 has. A vertical line is parallel to the y-axis and will only intersect with the x-axis values where your intersects... 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