Question

Due to a mild winter, Florida experienced a bumper crop of oranges. This would best be represented by a(n) movement down the U.S. production possibility frontier. movement off the U.S. production possibility frontier to some point inside the frontier. movement up the U.S. production possibility frontier. outward shift of the U.S. production possibility frontier away from the origin.

Answer 1

movement up the U.S. production possibility frontier.

Step-by-step explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources

Points inside the production possibilities curve means that the nations resources are not being fully utilised

Factors that cause the PPF to shift

1. changes in technology.

2. changes in available resources.

3. changes in the labour force.

Due to the winter, there would be a movement up along the PPF