scl

25.05.2021 • 

Social Studies

1. Assume that a certain simplified economy produces only two goods. X and Y. with given resources and technology. The following table gives the various possible combinations of
the production of the two goods (all units are measured in millions of tons).
Opportunity Cost of
Production Possibility
Good X
Good Y
Goody
A
0
100
B
2
90
С
4
60
D
6
20
a) Calculate the opportunity cost of the production of good X at each point. What law
does the trend in those values exhibit?
b) What changes are required for this economy to shift the PPF outward?​

Ответ:

marxusalexander6552

23.10.2022

Social Studies

---

A price ceiling occurs when the government puts a legal limit on how high the price of a product can be. In order for a price ceiling to be effective, it must be set below the natural market equilibrium. When a price ceiling is set, a shortage occurs. For the price that the ceiling is set at, there is more demand than there is at the equilibrium price.

Explanation:

---

0,0(0 оценок)