Student name: Tran Thi Hong Hanh
Student code: 11212119
Class: EBBA 13.1
Group assignment presentation 1
Exercise 1
a,
- From point A move to point B increase 2 million cars and reduce 3 thousand
guided missiles.
guided missiles.
- From point C move to point D increase 2 million cars and reduce 9 thousand
guided missiles.
- From point D move to point E increase 2 million cars and reduce 12 thousand
guided missiles.
A -> B:
3
2
= 1,5
B -> C:
6
2
= 3
C -> D:
9
2
= 4,5
D -> E:
12
2
= 6
It means opportunity costs of production missiles is increasing.
b, If the economy is currently at point C:
- Opportunity costs of one million more cars is
21 12
64
= 4,5 thousands of guided
missiles.
- Opportunity costs of one thousand more guided missiles is
42
27 21
= 0,33
millions of cars.
c, Point G is inefficient because at point G, all resourses are not fully ulitized.
d,
- Point H is impossible because it’s beyond the scope of resources.
- Before the economy can attain the level of production indicated by point H, must
develop production infrastructure, human resourses level and a few other
influencing factors.
e,
Exercise 2
a,
b, I call point at 9 tons of wheat and 4000 set of cloths is G
So, production possibility of this economy is inefficient.
c, When output is 20 tons of wheat and 10 000 set of cloths, we have point H.
We can see point H is outside the PPF line, so this economy can not produce 20
tons of wheat and 10 000 set of cloths.
d, A -> B :
5
4
= 1,25
B -> C:
5
3
= 1,6
C -> D :
6
2
= 3
D -> E:
9
1
= 9

Preview text:

Student name: Tran Thi Hong Hanh Student code: 11212119 Class: EBBA 13.1
Group assignment presentation 1 Exercise 1 a, -
From point A move to point B increase 2 million cars and reduce 3 thousand guided missiles. -
From point B move to point C increase 2 million cars and reduce 6 thousand guided missiles. -
From point C move to point D increase 2 million cars and reduce 9 thousand guided missiles. -
From point D move to point E increase 2 million cars and reduce 12 thousand guided missiles. 3 A -> B: = 2 1,5 6 B -> C: 2 = 3 C -> D: 92 = 4,5 12 D -> E: 2 = 6
It means opportunity costs of production missiles is increasing.
b, If the economy is currently at point C: - 21−12
Opportunity costs of one million more cars is
6−4 = 4,5 thousands of guided missiles. - 4−2
Opportunity costs of one thousand more guided missiles is 27−21 = 0,33 millions of cars.
c, Point G is inefficient because at point G, all resourses are not fully ulitized. d, -
Point H is impossible because it’s beyond the scope of resources. -
Before the economy can attain the level of production indicated by point H, must
develop production infrastructure, human resourses level and a few other influencing factors. e, Exercise 2 a,
b, I call point at 9 tons of wheat and 4000 set of cloths is G
So, production possibility of this economy is inefficient.
c, When output is 20 tons of wheat and 10 000 set of cloths, we have point H.
We can see point H is outside the PPF line, so this economy can not produce 20
tons of wheat and 10 000 set of cloths. 5 d, A -> B: 4 = 1,25 5 B -> C: 3 = 1,6 6 C -> D: 2 = 3 D -> E: 91 = 9