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Economics
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If an economy can produce various combinations of food and shelter along a production possibility curve, then if we increase shelter production along the PPC, which of the following is true? 

a. we also increase the production of food.

b. we must decrease the production of food. This foregone food production represents the opportunity cost of the increase in the shelter.

c. We cannot change the production of food 

d. the concept of opportunity cost does not apply along a PPC.

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manhokwe tawanda
manhokwe tawandaLv10
16 Dec 2020

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Related questions

Suppose an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?

a. The PPC would shift outward on the fish axis, but would not change on the bread axis.

b. The PPC would shift outward equally along both the fish and the bread axes.

c.The PPC would shift inward on the the bread axis, but would not change on the fish axis.

d. The PPC would shift equally along both the fish and the bread axes.

2.7 Construct a production possibilities curve (PPC) for anation facing increasing opportunity costs for producing food andvideo games. Show how the PPC changes given the followingevents.
A. A new and better fertilizer is invented.
B. Immigration occurs, and immigrants’ labor can be employed inboth the agricultural sector and the video game sector.
C. A new programming language is invented that is less costly tocode and is more memory-efficient, enabling the use of smaller gamecartridges.
D. A heat wave and drought result in a 10 percent decrease inusable farmland.

2.9 In response to Senator Creighton's statement reported inProblem 2.8, Senator Long replies, "We must remain at our currentproduction combination if we want to be able to produce moreconsumption goods in the future." Of the labeled points on thediagram, which could depict the future production combinationSenator Long has in mind?

2.7 Construct a production possibilities curve (PPC) for a nationfacing increasing opportunity costs for producing food and videogames. Show how the PPC changes given the following events.
A. A new and better fertilizer is invented.
B. Immigration occurs, and immigrants’ labor can be employed inboth the agricultural sector and the video game sector.
C. A new programming language is invented that is less costly tocode and is more memory-efficient, enabling the use of smaller gamecartridges.
D. A heat wave and drought result in a 10 percent decrease inusable farmland.

2.9 In response to Senator Creighton's statement reported inProblem 2.8, Senator Long replies, "We must remain at our currentproduction combination if we want to be able to produce moreconsumption goods in the future." Of the labeled points on thediagram, which could depict the future production combinationSenator Long has in mind?

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