6a). What point(s) would represent a combination of DVD Players and MP3 Players
ID: 1185316 • Letter: 6
Question
6a). What point(s) would represent a combination of DVD Players and MP3 Players that cannot be produced given the production possibilities frontier shown in the above diagram? Explain your answer.
6b). What point(s) represent a combination of DVD Players and MP3 Players that might be produced if the economy represented by the production possibilities frontier in the above diagram were experiencing unemployment? Explain your answer.
6c). What factors determine the rate of long-run economic growth?
Explanation / Answer
a)E, because there is still more output for MP3 players possible att the same level of dvd players .And also At E , the desired quantity of MP3 is not possoble under yhe given conditions. Also,D is another point where the production is not optimally utilized. b)A,B,C as at all these points are on the curve representing the optimal use of labor for producing each type of product. c) The factors determining the long term ecocnomic growth are: 1)availability of natural resources. 2)availablilty of human resources 3)invention of new technologies 4)good leadership quality 5)proper infrastructure
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