Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A farm grows soybean and produces chickens. The opportunity cost of producing each of these products increases as more of it is produced. Draw the farm's PPF. Label it PPF0
The farm adopts a new technology which allows it to use fewer resources to fatten chickens. Draw a PPF that illustrates the impact of the new technology. Label it PPF1
With the new technology, the opportunity cost of producing a bushel of soybean -blank- because -blank- must be forgone to produce a bushel of soybeans.
A. increase; more chickens
B. decreases; more chickens
C. decreases; fewer chickens
D. increases; fewer chickens
E. Does not change; the same number of chickens.

Sagot :

Answer:

The answer is "Increases; more chickens".

Explanation:

New technology personal capabilities chickens resources This means that more chickens may now be raised with the same inputs and the production of soybean would stay the same. The new PPF, therefore, shared perceptions along the horizontal axis of holes. Now, each unit made from soybeans will get more chances for chicken, as many chickens have to leave with one additional soybean.

View image codiepienagoya

When one option is chosen over another, opportunity cost is the profit that is lost. Simply said, the concept serves as a reminder to consider all viable options before making a decision.

Correct option is A. (increase; more chickens)

Capabilities of new technologies resource for chickens. This means that with the same inputs, more hens can be produced but soybean production remains same. Thus, along the horizontal axis of holes, the new PPF shared perceptions. Because many birds must now go with an additional soybean, each soybean-based unit will now have more possibilities foe chicken.

To know more about A Farm, refer to the link:

https://brainly.com/question/25291647

View image divyamadaan8054
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.