Question

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

Answer 1

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

Answer 2

economically speaking ... bacon and eggs maybe?

Answer 3

both would be appreciated

Answer 4

:)

Answer 5

how do we move a PPF curve? since X is not on the curve

Answer 6

soryy someone called me 6.^;

Answer 7

im back though :)

Answer 8

From my understanding the x is what it it asking for correct?

Answer 9

oh wait nvm

Answer 10

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?

Answer 11

wouldnt we have to increas both?

Answer 12

if we increase one we wouldn't really get anywhere

Answer 13

we would have to increase demands is what i recall from my macro days yes

Answer 14

so then based on this i would go with c?

Answer 15

because then we increase the qualaty while creating more demands for guns :D

Answer 16

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

Answer 17

one questioon, what is "steam line" roduction?

Answer 18

streamline. it is a way to decrease costs while increaseing production. i believe it involves quantity instead of demand

Answer 19

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.

Answer 20

alrigghhhhttt

Answer 21

so then increasing the demand by improving the quality would be the best way to move the curve :DDDDDD

Answer 22

thanks so much xDDD

Answer 23

good luck with it ;)

Answer 24

thanks :)

Answer 25

have good luck with heling others :D

Answer 26

i hope you dont get any pre-calc :P

Answer 27

just thinking about it makes my brain hurt u,u

Answer 28

one more thing

Answer 29

what are ppf and ppc?

Answer 30

i get the gist of ppc, but ppf looses me at the word frontier xD

Answer 31

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.

Answer 32

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.

Answer 33

alright :D

Answer 34

thanks again ^.^

Answer 35

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



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.