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jennyrlz

  • one year ago

What better way to start of a day, than with some economics:)

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  1. jennyrlz
    • one year ago
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    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

  2. jennyrlz
    • one year ago
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  3. amistre64
    • one year ago
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    economically speaking ... bacon and eggs maybe?

  4. jennyrlz
    • one year ago
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    both would be appreciated

  5. jennyrlz
    • one year ago
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    :)

  6. amistre64
    • one year ago
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    how do we move a PPF curve? since X is not on the curve

  7. jennyrlz
    • one year ago
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    soryy someone called me 6.^;

  8. jennyrlz
    • one year ago
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    im back though :)

  9. jennyrlz
    • one year ago
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    From my understanding the x is what it it asking for correct?

  10. jennyrlz
    • one year ago
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    oh wait nvm

  11. amistre64
    • one year ago
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    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?

  12. jennyrlz
    • one year ago
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    wouldnt we have to increas both?

  13. jennyrlz
    • one year ago
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    if we increase one we wouldn't really get anywhere

  14. amistre64
    • one year ago
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    we would have to increase demands is what i recall from my macro days yes

  15. jennyrlz
    • one year ago
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    so then based on this i would go with c?

  16. jennyrlz
    • one year ago
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    because then we increase the qualaty while creating more demands for guns :D

  17. amistre64
    • one year ago
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    as an educated guess (it been a long time for these) i would lean towards C yes. but I am not guarenteeing its correctness.

  18. jennyrlz
    • one year ago
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    one questioon, what is "steam line" roduction?

  19. amistre64
    • one year ago
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    streamline. it is a way to decrease costs while increaseing production. i believe it involves quantity instead of demand

  20. amistre64
    • one year ago
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    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.

  21. jennyrlz
    • one year ago
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    alrigghhhhttt

  22. jennyrlz
    • one year ago
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    so then increasing the demand by improving the quality would be the best way to move the curve :DDDDDD

  23. jennyrlz
    • one year ago
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    thanks so much xDDD

  24. amistre64
    • one year ago
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    good luck with it ;)

  25. jennyrlz
    • one year ago
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    thanks :)

  26. jennyrlz
    • one year ago
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    have good luck with heling others :D

  27. jennyrlz
    • one year ago
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    i hope you dont get any pre-calc :P

  28. jennyrlz
    • one year ago
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    just thinking about it makes my brain hurt u,u

  29. jennyrlz
    • one year ago
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    one more thing

  30. jennyrlz
    • one year ago
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    what are ppf and ppc?

  31. jennyrlz
    • one year ago
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    i get the gist of ppc, but ppf looses me at the word frontier xD

  32. amistre64
    • one year ago
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    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.

  33. amistre64
    • one year ago
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    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.

  34. jennyrlz
    • one year ago
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    alright :D

  35. jennyrlz
    • one year ago
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    thanks again ^.^

  36. amistre64
    • one year ago
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    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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