A. You have an apple orchard and have recentlylorang added a small plot of land for oranges as well. In a growing season you have the capacity to harvest 100 crates of apples, or 50 of oranges. Draw your Production Possibilities Frontier, with oranges on the x axis, assuming that the opportunity cost of producing oranges remains constant.The opp ortunitycost off lorand 3apples. B. You discover a new, highly productive fertilizer for your orange trees. Illustrate the impact of this discovery on your production capacity, using the same graph as before. You don't need to label any numbers here, just show how the graph changes. Thce opportuniy cosd of lap is Yz c. Your neighbor also grows oranges and apples. In a season they are capable of harvesting 300 crates of apples, or 100 of oranges. Draw their PPF, with oranges on the x axis, again assuming that the opportunity cost of producing oranges remains constant.
A. You have an apple orchard and have recentlylorang added a small plot of land for oranges as well. In a growing season you have the capacity to harvest 100 crates of apples, or 50 of oranges. Draw your Production Possibilities Frontier, with oranges on the x axis, assuming that the opportunity cost of producing oranges remains constant.The opp ortunitycost off lorand 3apples. B. You discover a new, highly productive fertilizer for your orange trees. Illustrate the impact of this discovery on your production capacity, using the same graph as before. You don't need to label any numbers here, just show how the graph changes. Thce opportuniy cosd of lap is Yz c. Your neighbor also grows oranges and apples. In a season they are capable of harvesting 300 crates of apples, or 100 of oranges. Draw their PPF, with oranges on the x axis, again assuming that the opportunity cost of producing oranges remains constant.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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#1: You have an apple orchard and have recently added a small plot of land for oranges as well. In a growing season you have the capacity to harvest 100 crates of apples, or 50 of oranges. Draw your
![agrus You
c.os Neighoar
A.
300
Let's Practice!
E. Lo0 apples
5ocronges
= 2apple>
> The o.C.of
drange is
The o.C.oloapple
roo Oronyes
3pples.
B.
300 apples
Too ofanges
Bapples
30
so
or ang es
20
ts a and c, who has the absolute
advantage in the production of apples? In
e
You have an apple orchard and have recentlyorange D. Using pa
added a small plot of land for oranges as well. In
a growing season you have the capacity to
harvest 100 crates of apples, or 50 of oranges.
Draw your Production Possibilities Frontier, with
oranges on the x axis, assuming that the
opportunity cost of producing oranges remains
constant.
A.
oranges?
Applesi Neighboor (30o7lo0)
Again using parts a and c, who has the Orangesi Neighbur
Е.
comparative advantage in the production of
apples? In oranges?
You
Cloo>50)
The opportunity.cost.of lorange SNeighbo ČņcYy
You discover a new, highly productive fertilizer F.
for your orange trees. Illustrate the impact of this
discovery on your production capacity, using the
same graph as before. You don't need to label
any numbers here, just show how the graph
changes.
Assume that before trading, you are producing 40
crates of apples and 30 oranges. Your neighbor is
producing 240 crates of apples and 20 oranges.
Label these points on your PPFS from parts a and
В.
c.
pincomparntive
Mee opportunity cosd of lapple
If you and your neighbor decide to specíalize and advantage
trade, how many apples and oranges will you
G.
Your neighbor also grows oranges and apples. In
a season they are capable of harvesting 300
crates of apples, or 100 of oranges. Draw their
PPF, with oranges on the x axis, again assuming
that the opportunity cost of producing oranges
remains constant.
C.
a pple>
How does this compare to total production before
trade (part f)? Same
Н.
ov anges: 50=30720
Mare apples300>(2401 YO=280)
1.50 orang
300 apples
Propose a trade you can both benefit from.
Ovange>I
I.
20 oranoge
so appled
You: 30
N: 20 Ar anges, 25apples rgain 1Dapples
5oapples (gain l0 apples)]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F863779a1-7705-4b9e-9ef9-cd4ef1904411%2F6f27bc0a-9986-4fc1-94c4-d131a425e5ee%2F5vdmxrr_processed.png&w=3840&q=75)
Transcribed Image Text:agrus You
c.os Neighoar
A.
300
Let's Practice!
E. Lo0 apples
5ocronges
= 2apple>
> The o.C.of
drange is
The o.C.oloapple
roo Oronyes
3pples.
B.
300 apples
Too ofanges
Bapples
30
so
or ang es
20
ts a and c, who has the absolute
advantage in the production of apples? In
e
You have an apple orchard and have recentlyorange D. Using pa
added a small plot of land for oranges as well. In
a growing season you have the capacity to
harvest 100 crates of apples, or 50 of oranges.
Draw your Production Possibilities Frontier, with
oranges on the x axis, assuming that the
opportunity cost of producing oranges remains
constant.
A.
oranges?
Applesi Neighboor (30o7lo0)
Again using parts a and c, who has the Orangesi Neighbur
Е.
comparative advantage in the production of
apples? In oranges?
You
Cloo>50)
The opportunity.cost.of lorange SNeighbo ČņcYy
You discover a new, highly productive fertilizer F.
for your orange trees. Illustrate the impact of this
discovery on your production capacity, using the
same graph as before. You don't need to label
any numbers here, just show how the graph
changes.
Assume that before trading, you are producing 40
crates of apples and 30 oranges. Your neighbor is
producing 240 crates of apples and 20 oranges.
Label these points on your PPFS from parts a and
В.
c.
pincomparntive
Mee opportunity cosd of lapple
If you and your neighbor decide to specíalize and advantage
trade, how many apples and oranges will you
G.
Your neighbor also grows oranges and apples. In
a season they are capable of harvesting 300
crates of apples, or 100 of oranges. Draw their
PPF, with oranges on the x axis, again assuming
that the opportunity cost of producing oranges
remains constant.
C.
a pple>
How does this compare to total production before
trade (part f)? Same
Н.
ov anges: 50=30720
Mare apples300>(2401 YO=280)
1.50 orang
300 apples
Propose a trade you can both benefit from.
Ovange>I
I.
20 oranoge
so appled
You: 30
N: 20 Ar anges, 25apples rgain 1Dapples
5oapples (gain l0 apples)]
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