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jennyrlz
 one year ago
What better way to start of a day, than with some economics:)
jennyrlz
 one year ago
What better way to start of a day, than with some economics:)

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jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1A country needs to decide if it will defend itself ("guns") or feed its population ("butter"). Look at the graph. Construct a plan to help the country attain Point X. Add more gunmakers to the labor force and decrease the number of butter makers Decrease the quality of guns and increase the demand for butter Increase the quality of the butter and create more demand for guns Streamline production of butter and begin assemblyline manufacturing of guns

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2economically speaking ... bacon and eggs maybe?

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1both would be appreciated

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2how do we move a PPF curve? since X is not on the curve

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1soryy someone called me 6.^;

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1From my understanding the x is what it it asking for correct?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2the point X is what we are aiming for, the PPF curve is where the economy is now ... how do we move the curve itself instead of moving ON the curve?

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1wouldnt we have to increas both?

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1if we increase one we wouldn't really get anywhere

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2we would have to increase demands is what i recall from my macro days yes

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1so then based on this i would go with c?

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1because then we increase the qualaty while creating more demands for guns :D

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2as an educated guess (it been a long time for these) i would lean towards C yes. but I am not guarenteeing its correctness.

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1one questioon, what is "steam line" roduction?

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2streamline. it is a way to decrease costs while increaseing production. i believe it involves quantity instead of demand

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2the curve itself is a resource curve; and if we provide resources for a given quantity of butter, it limits the quantity of guns ... etc. quantity moves along the curve. demand is what moves the curve.

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1so then increasing the demand by improving the quality would be the best way to move the curve :DDDDDD

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2good luck with it ;)

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1have good luck with heling others :D

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1i hope you dont get any precalc :P

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1just thinking about it makes my brain hurt u,u

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1what are ppf and ppc?

jennyrlz
 one year ago
Best ResponseYou've already chosen the best response.1i get the gist of ppc, but ppf looses me at the word frontier xD

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2http://www.investopedia.com/university/economics/economics2.asp production possibilities (PP) curve/frontier are just naming conventions. The curve is the boundary (the front lines, the frontier) between what is possible and what is not based on the allocation of resources.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2and after reviewing that site, it seems that we can move the curve by using technology and advancements to better allocate our resources as well.

amistre64
 one year ago
Best ResponseYou've already chosen the best response.2just to be clear, im leaning towards streamlining now. the supply and demand curves are from a different graph that i confused for the PPF dw:1444485545475:dw the PPF curve is all about use of resources and their efficient uses. streamlining is a way to try to use what we have in a more productive way.
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