https://padlet.com/aditibasu1/x1n3h84ce3gqetgg en-us 2020-07-17 17:51:54 UTC 2023-05-18 13:12:23 UTC hello@padlet.com aditibasu1 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/657064474 2020-07-17 17:53:56 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/657064474 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188138 Q1

]]> 2020-07-27 09:46:22 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188138 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188286 Q3) This increase in the production possibility of an economy could be due to an advancement in technology or a larger workforce]]> 2020-07-27 09:46:48 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188286 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188459 2b) Opportunity cost is the next best alternative forgone. The company has limited resources so it has to choose between whether to produce Soya oil seeds or corn. For every piece of corn that the company produces it will have to stop producing that much soya oil seeds.

3b) An increase in the production may b caused due to either a better workforce or an advancement in the technology. It may also be cause due to a larger more productive workforce.]]> 2020-07-27 09:47:23 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663188459 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663192946 Q3B)Increase In ppc is due to advancement in technology or higher working population]]> 2020-07-27 09:59:10 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663192946 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663193243 Q1) If they want to increase the soybean production, they would have to decrease the corn production as that is the most it can produce of both at a time.

]]> 2020-07-27 10:00:13 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663193243 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663194910 2020-07-27 10:05:32 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663194910 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663195169 2020-07-27 10:06:23 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663195169 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663196060 q2) If production of soybean oil falls from 70% to 30%, there will be an increase in corn production]]> 2020-07-27 10:09:03 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663196060 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663196764 2A
2B)Opportinity cost is the next best alternative forgone so the company has to choose whether to produce between soyabean and corn]]> 2020-07-27 10:11:31 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663196764 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663197092 https://drive.google.com/file/d/16Yku-p8wBQ1_kqtTgzPbuERfpHnEB7L1/view?usp=sharing]]> 2020-07-27 10:12:35 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663197092 https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663202274 Q2 and 3 ]]> 2020-07-27 10:29:02 UTC https://padlet.com/aditibasu1/x1n3h84ce3gqetgg/wish/663202274