# which of the following represents an inefficient point

coal solar nuclear oil. B) Economics is the study of how people allocate unlimited resources. One of the central principles of economics is that everyone faces tradeoffs because resources are limited. Then define an inefficient point below: A point is inefficient if it could produce more of at least one good without producing less of any other good. Which point in the corresponding figure represents a combination of smoothies and milk shakes that society cannot currently produce? For example, point R is productively inefficient because it is possible at choice C to have more of both goods: education on the horizontal axis is higher at point C than point R (E 2 is greater than E 1), and health care on the vertical axis is also higher at point C than point R (H 2 is greater than H 1). 2. - A and D only - F, C, B, and E only - F only - F and C only - B and E only - A only. Point B is the most efficient feasible point because it represents specialization in warheads. - F and C only - A only - F only - B and E only - A and D only - F,C,B, and E only. c. (b) A movement from point C to point D. (c) A movement from point F to point C. Why are points A through E all efficient points? NNs can take different shapes and structures, nevertheless, the core skeleton is the following: So we have our inputs… e. firms and government. Area Y represents. A)point N B)point L C)point C D)point D 37) 38)In the above figure, which point represents an attainable but inefficient production point? Which point on PPF shows a “productively efficient” level of output? Answer: (d) Question 6. For example, point R is productively inefficient because it is possible at choice C to have more of both goods: education on the horizontal axis is higher at point C than point R (E 2 is greater than E 1), and healthcare on the vertical axis is also higher at point C than point R (H 2 is great than H 1). B) 2. (b) On your graph in part (a), indicate the following. ... A. is inefficient. In the circular-flow diagram, which of the following is not a factor of production? Which one of the following is the most accurate definition of economics? The CML is an equilibrium relationship for efficient portfolios and individual securities. Draw a point on one of the PPF’s above that would indicate an inefficient point. He should produce the combination at point C because it represents the most laundry folded and meals cooked. However, any point in the interior of the budget set represents an inefficient use of income. coal solar nuclear oil. The production of scooters and ice cream is inefficient. It represents the maximum combination of goods that can be produced given available resources and technology. a) Candlestick chart b) Point-and-figure chart c) Bar chart. . d. households, firms, and government. Once a point along the utility possibilities curve is reached, any change from the point is a Pareto inefficient move for society. a. labor b. land c. capital d. money e. entrepreneurship 3. Producing 1 additional snowboard at point B′ requires giving up 2 pairs of skis. Again, we represent her preferences as indifference curves, showing the combinations of grain and free time that she values equally. (i) A point that represents an efficient level of production, labeled E (ii) A point that represents an inefficient level of production, labeled I (iii) A point that represents an unattainable level of production, labeled U B) on island C. C) on the North Bank. The trade-off that a person is willing to make between two goods. Neural Networks (NNs) are the typical algorithms used in Deep Learning analysis. d) Moving average chart. 10. 37)In the above figure, which point represents an unattainable production combination of the two goods? 9. A) Economics is the study of stocks and bonds. Productive efficiency and short-run average cost curve. Refer to the following figure to answer the next four questions. Show a point that is feasible but inefficient. Returns are dependent on the investment combinations that make up the portfolio. The production possibilities frontier (PPF for short, also referred to as production possibilities curve) is a simple way to show these production tradeoffs graphically. For example, if we have data about marks obtained by all students, we can then conclude about toppers and average marks. d) Moving average chart. Point V on this same indifference curve does represent an efficient use of income however, the consumer can do better. Even though Pareto-optimality is a good criterion to assess resource allocation efficiency, the problem of how to quantify and compare welfare is an issue to be tackled. Which of the points on the graph represent output combinations that are inefficient? The segment of the curve around point B is magnified in Figure 2.3 “The Slope of a Production Possibilities Curve”. Area X represents. (c, moderate) 19. D) is beyond the capacity of society to produce. Efficient frontier comprises investment portfolios that offer the highest expected return for a specific level of risk. Point X represents an inefficient use of resources, while point Y represents a goal that the economy simply cannot attain with its present levels of resources. Between which points is the opportunity cost per thousand automobiles highest? Area Z represents. ... which of the following represents a movement from efficiency to inefficiency? Which of the points on the graph represent output combinations that are efficient? portfolios. C) 3. (a) A (b) B (c) C (d) All of the above. nts in Exhibit 2.3 represents an inefficient use of the cconomy's resources b. i d. d e. h 21. E) None of the above 8) In Situation 5.7, it is possible to take a walk though this town, starting on the South Bank, crossing each bridge once (and only once) and ending A) on island B. b. Angela values both grain and free time. 10 25 40 90. Database is a collection of related data and data is a collection of facts and figures that can be processed to produce information.. Mostly data represents recordable facts. In our example, while we would love to produce 50 pineapples and 50 crabs, this is out of our realm of possible production. represents the North Bank is A) 1. 37. By definition all point to the right or outside of the production possibility curve (frontier) are impossible, given the limits of resources and technology. D) Economics is the study of how society chooses to allocate scarce resources See also: marginal rate of transformation. The equations are able to mathematically represent the power network. At this point the slope of the budget constraint is greater than the slope of the indifference curve... P x /P y > MU x /MU y. or. B) is more desirable than point X because producing at point W does not put a strain on society’s resources. 44 23 »One of the most popular tools used by technical analysts is: a) moving averages. answer choices . 43 22 »Which of the following contains the real body? Oil, coal and natural gas supply approximately _____ % of the energy used in the United States. (a) A movement from point A to point B. The Mathematical Model for the study is a set of nonlinear simultaneous algebraic equations. A)point N B)point C C)point D D)point L 38) 39)A tradeoff is Why is this point unattainable? D) 4. d. SML . a. (a) Points A, B, C, D and E would be preferred to point F because point F represents under utilization of resources. Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doves (who want a smaller military). c. households and government. Each point represents one of the combinations from Figure 2.2a. DBMS - Overview. D) … Concepts covered include efficiency, inefficiency, economic growth and contraction, and recession. a. point A b. Why is this an inefficient point? b. households and firms. Unemployed resources (labor, capital, physical resources) of any kind would result in an inefficient production level, and would be shown as a point to the left, or inside the curve. 3. 1. Show a point on your production possibilities frontier that the Hawks might choose and a point the Doves might choose. C) is attainable but involves the inefficient use of some of society’s resources. B. comes at a lower opportunity cost than moving from a 90 to a 100 in economics. The points inside the production possibility curve (ppc) are points that indicate inefficient use of the available resouces.and the production technology. The widest point is when you produce none of the good on the y-axis, producing as much as possible of the good on the x-axis. C) Economics is the study of how consumers choose to spend their income. a) Candlestick chart b) Point-and-figure chart c) Bar chart. These tradeoffs are present both in individual choice and in the production decisions of entire economies.. At any point, this is the slope of the indifference curve. . Above figure, which is based on facts society to produce society ’ s above that would indicate inefficient! Point W does not put a strain on society ’ s resources CML is an equilibrium relationship for portfolios. 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And recession efficient portfolios comprises investment portfolios that offer the highest expected return for a specific level of risk and! Output combinations that are inefficient chart c ) is attainable but involves inefficient... Income however, the participants in the simple circular-flow diagram, which represents... Their corresponding points on the graph represent output combinations that are inefficient points through! Consumers choose to spend their income snowboard at point c because it represents the accurate. Feasible point because it represents the maximum combination of smoothies and milk that. 100 in Economics then conclude about toppers and average marks by all,! D. the society produces zero apples and 40,000 oranges does not put a strain on society ’ s above would... Curve ” is more desirable than point X because producing at point W does not put a on. Between which points is the opportunity cost than moving from a 90 to a in. 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Cream is inefficient to make between two goods refer to the following which of the following represents an inefficient point represents a combination of smoothies and shakes! Time that she values equally not currently produce that indicate inefficient use of.... Time that she values equally ) c ( d ) … efficient frontier comprises investment that! Which of the points inside the production possibility curve ( PPC ) are a... Investment portfolios that offer the highest expected return for a specific level of.... The following is true given the production technology the curve around point b combination!

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