jennyrlz
  • jennyrlz
What better way to start of a day, than with some economics:)
Mathematics
katieb
  • katieb
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jennyrlz
  • jennyrlz
A 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 assembly-line manufacturing of guns
jennyrlz
  • jennyrlz
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amistre64
  • amistre64
economically speaking ... bacon and eggs maybe?

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jennyrlz
  • jennyrlz
both would be appreciated
jennyrlz
  • jennyrlz
:)
amistre64
  • amistre64
how do we move a PPF curve? since X is not on the curve
jennyrlz
  • jennyrlz
soryy someone called me 6.^;
jennyrlz
  • jennyrlz
im back though :)
jennyrlz
  • jennyrlz
From my understanding the x is what it it asking for correct?
jennyrlz
  • jennyrlz
oh wait nvm
amistre64
  • amistre64
the 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
  • jennyrlz
wouldnt we have to increas both?
jennyrlz
  • jennyrlz
if we increase one we wouldn't really get anywhere
amistre64
  • amistre64
we would have to increase demands is what i recall from my macro days yes
jennyrlz
  • jennyrlz
so then based on this i would go with c?
jennyrlz
  • jennyrlz
because then we increase the qualaty while creating more demands for guns :D
amistre64
  • amistre64
as an educated guess (it been a long time for these) i would lean towards C yes. but I am not guarenteeing its correctness.
jennyrlz
  • jennyrlz
one questioon, what is "steam line" roduction?
amistre64
  • amistre64
streamline. it is a way to decrease costs while increaseing production. i believe it involves quantity instead of demand
amistre64
  • amistre64
the 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
  • jennyrlz
alrigghhhhttt
jennyrlz
  • jennyrlz
so then increasing the demand by improving the quality would be the best way to move the curve :DDDDDD
jennyrlz
  • jennyrlz
thanks so much xDDD
amistre64
  • amistre64
good luck with it ;)
jennyrlz
  • jennyrlz
thanks :)
jennyrlz
  • jennyrlz
have good luck with heling others :D
jennyrlz
  • jennyrlz
i hope you dont get any pre-calc :P
jennyrlz
  • jennyrlz
just thinking about it makes my brain hurt u,u
jennyrlz
  • jennyrlz
one more thing
jennyrlz
  • jennyrlz
what are ppf and ppc?
jennyrlz
  • jennyrlz
i get the gist of ppc, but ppf looses me at the word frontier xD
amistre64
  • amistre64
http://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
  • amistre64
and after reviewing that site, it seems that we can move the curve by using technology and advancements to better allocate our resources as well.
jennyrlz
  • jennyrlz
alright :D
jennyrlz
  • jennyrlz
thanks again ^.^
amistre64
  • amistre64
just 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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