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ECS1501 Assignment 2 Semester 1 2023 (818680)
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ECS1501 Assignment 2 (Quiz) Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or us on .
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ECS1501ASSIGNMENT 2 SEMESTER 1 2023
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Question2
Not yet
answered In March 2020, a factory used new technology to produce its output. Then in July 2020, a fire destroys half the factory. The new technology shifted the factory's PPC _____ and the fire
shifted it _______.
Marked out of
1.00
outward; inward
inward; inward.
inward; outward
outward; outward
Clear my choice
Question3
Not yet
answered
One point on a PPC shows production levels at 50 tons of coffee and 100 tons of bananas. Remaining on the PPC, an increase of banana production to 140 tons shows coffee
production at 30 tons. Still remaining on the PPC, we see that coffee production at 10 tons allows banana production at 160 tons. The opportunity cost of a ton of bananas is
Marked out of
1.00
16 to 1, that is every 1 ton of coffee given up will result in 16 more tons of bananas.
constant because coffee production decreased by the same amount each time.
decreasing.
increasing.
Clear my choice
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