Answers to review quizzes marcroeconomics 12e parkin chapter 2

... from barrels per day to 22 barrels the opportunity cost of a barrel of ethanol is 1 /22 of a ton of food while increasing ethanol production another 18 barrels per day (to a total of 40 barrels... ECONOMIC PROBLEM b Sketch Toyota’s PPF and mark its production point in 20 14 Now show on your graph Toyota’s PPF in 20 18 Figure 2. 7 shows Toyota's PPF in 20 14 and in 20 18 The upgrade in workers’... technology shift Toyota’s PPF outward so that its PPF in 20 18 lies beyond its PPF in 20 14 Toyota’s production point in 20 14 is labeled A Use the following data to work Problems 20 and 21 Kim can produce