POSSIBILITIES, Possibilities Food (millions of tons per year) Tractors (millions per

+1-530-264-8006
info@tutorsglobe.com

POSSIBILITIES

Possibilities Food (millions of tons per year) Tractors (millions per year) A 0 30 B 4 28 C 8 24 D 12 20 E 16 14 F 20 8 G 24 0 a. Is it possible for this nation to produce thirty million tons of food per year? Why or why not. b. Is it possible for this nation to produce thirty million tractors per year? Why or why not. c. Suppose this society produces twenty million tons of food and six million tractors per year. Is it operating on its production possibilities frontier? d. What factors might cause this nation to produce at a point within its production possibilities frontier?

View Complete Question

Related Questions in Macroeconomics

Q : Principles of macroeconomics Explain

Explain the concept of “economies of scale” and “increasing returns”.

Q : Paradox of Value-total utility and

I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i

Q : Why is tax not a capital receipt

Illustrate, why is tax not a capital receipt?

Q : Balance the budget general approaches

Quetion:

Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading. Include in your answer why solutions to the problem

Q : Why value of multiplier is low In poor

In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?

Q : Ideas in which organization is involved

Ideas in which organization is involved: Talking about the growth of any company. There are basically three type of broad ideas in which management of any organization is involved. These are:

1. Corporate Strategy<

Q : Equilibrium of a market How can

How can Equilibrium of a market be exist?

Q : Define Macro Economics Macro Economics

Macro Economics: Macro economics studies the economy as an entire.

Q : Define the term Supply curve Define the

Define the term Supply curve.

Q : Explain about the marginalism theory

Most economists believe such that people increase an activity when they perceive the expected additional benefits as exceeding the expected extra cost, but decrease their level of an activity whenever they believe the benefits from the last few units of the activity a

Discover Q & A

Leading Solution Library

More Than 13,68,890 Solved problems, classrooms assignments, textbooks solutions, papers, essays

No hassle, Instant Download

Start Discovering

18,76,764

Questions
Asked

21,311

Experts

9,67,568

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment