Question
8. What is the opportunity cost of moving production from point B to point A?
9. What is the opportunity cost of increasing production of Toasters from 22 to 32 units?
10. What is the opportunity cost of moving production from point D to point A?
11. What is the opportunity cost of moving production from point C to point A?
12. What is the opportunity cost of increasing production of Kites from 34 to 75?
13. List all the points where resources are being used as efficiently as possible at full
employment:
4. Place an "X" where resources are being used inefficiently
. Place a "Y" in the area that can only be obtained through technological improvement
9. What is the opportunity cost of increasing production of Toasters from 22 to 32 units?
10. What is the opportunity cost of moving production from point D to point A?
11. What is the opportunity cost of moving production from point C to point A?
12. What is the opportunity cost of increasing production of Kites from 34 to 75?
13. List all the points where resources are being used as efficiently as possible at full
employment:
4. Place an "X" where resources are being used inefficiently
. Place a "Y" in the area that can only be obtained through technological improvement
Answers
GPT 3.5
8. The opportunity cost of moving production from point B to point A would be the production of 50 units of kites.
9. The opportunity cost of increasing production of Toasters from 22 to 32 units would be the production of 40 units of kites.
10. The opportunity cost of moving production from point D to point A would be the production of 100 units of kites.
11. The opportunity cost of moving production from point C to point A would be the production of 50 units of toasters.
12. The opportunity cost of increasing production of Kites from 34 to 75 would be the production of 60 units of toasters.
13. At full employment, resources are being used efficiently at points B, C, and D.
4. The inefficiently used resources can be marked with an "X". The graph is not provided in the question, so it is not possible to determine the exact location.
. The area that can only be obtained through technological improvement can be marked with a "Y". Again, without the graph it is not possible to determine the exact location.
9. The opportunity cost of increasing production of Toasters from 22 to 32 units would be the production of 40 units of kites.
10. The opportunity cost of moving production from point D to point A would be the production of 100 units of kites.
11. The opportunity cost of moving production from point C to point A would be the production of 50 units of toasters.
12. The opportunity cost of increasing production of Kites from 34 to 75 would be the production of 60 units of toasters.
13. At full employment, resources are being used efficiently at points B, C, and D.
4. The inefficiently used resources can be marked with an "X". The graph is not provided in the question, so it is not possible to determine the exact location.
. The area that can only be obtained through technological improvement can be marked with a "Y". Again, without the graph it is not possible to determine the exact location.