객관식
The country of Clutchtopia has just stumbled upon a new technology as shown on the graph.
If Clutchtopians demand 3 million pizza bagels, what is the productively efficient increase in robot production?
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2. Introductory Economic Models
PPF - Outward Shifts
객관식
The country of Clutchtopia has just stumbled upon a new technology as shown on the graph.
What is the maximum amount of robots that can be produced in Clutchtopia after the shift?
A
0
B
2 thousand
C
4 thousand
D
6 thousand
검증된 단계별 안내1
Identify the axes of the graph: The vertical axis represents the number of robots produced (in thousands), and the horizontal axis represents the number of pizza bagels produced (in millions).
Observe the two curves on the graph: The solid blue line represents the original production possibilities frontier (PPF), and the dashed red line represents the new PPF after the technological advancement.
Understand the concept of a PPF: A production possibilities frontier shows the maximum possible output combinations of two goods that an economy can achieve, given its resources and technology.
Locate the intercepts of the new PPF (dashed red line): The intercept on the vertical axis indicates the maximum number of robots that can be produced when no pizza bagels are produced.
Read the value of the intercept on the vertical axis for the new PPF: The intercept is at 6 on the vertical axis, indicating that the maximum number of robots that can be produced is 6 thousand.
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