Answer to Question #131852 in Physics for shaundell Warde

Question

d) Exactly one scenario from the four given above results in inefficient production. Which scenario is it and how are you able to tell from the production possibilities frontier that it is inefficient? [2 marks]



e) How can this inefficient scenario become efficient? [1 mark]


f) Of the three persons Sam, Ron and Tim, whose labour is perfectly substitutable? Briefly explain. [2 marks]



g) If Sam, Ron and Tim are able to wash more cars per hour, illustrate the effect on the productions possibilities frontier. [1 mark]

Answer 1

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