Table 2-2 -Refer to Table 2-2.The Fruit Farm Produces Only Apples and Produces

question 118

Essay

Table 2-2

-Refer to Table 2-2.The Fruit Farm produces only apples and pears.The table above shows the maximum possible output combinations of the two fruits using all resources and currently available technology.
a.Graph The Fruit Farm's production possibilities frontier.Put apples on the horizontal axis and pears on the vertical axis.Be sure to identify the output combination points on your diagram.
b.Suppose The Fruit Farm is currently producing at point D.What is the opportunity cost of producing an additional 8,000 pounds of pears?
c.Suppose The Fruit Farm is currently producing at point D.What happens to the opportunity cost of producing more and more pears? Does it increase,decrease or remain constant? Explain your answer.
d.Suppose The Fruit Farm is currently producing at point G.What happens to the opportunity cost of producing more and more apples? Does it increase,decrease or remain constant? Explain your answer.
e.Suppose The Fruit Farm is plagued by the apple maggot infestation which destroys apple trees but not pears.Show in a graph what happens to its PPF.

---

Definitions:

Serous Fluid

A clear, pale yellow fluid that fills the space between membranes lining body cavities and surrounding internal organs.

Vesicle

A small fluid-filled bladder or sac within the body, including structures such as blisters or biological vesicles in cell biology.

Papule

A small, raised, and solid pimple or swelling on the skin that does not contain pus.

Rocky Mountain Spotted Fever

A bacterial disease spread by ticks, characterized by fever, headache, muscle pain, and a characteristic rash.