Вопрос
Variant 4. The PPF of the country can be described by the equation y=sqrt (128-x^2)(xgeqslant 0 ygeqslant 0) . The country enters the world trade where prices are p_(x)=2,p_(y)=2 1. Derive the TPF equation. 2. Calculate the opportunity cost of producing x in the point x=5
Решения
4
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Цицерон
Экспертная проверка
элита · Репетитор 8 лет
Ответ
1. To derive the TPF (Terms of Trade) equation, we need to find the ratio of the price of good x to the price of good y. Given that the prices are
and
, the TPF equation is simply the ratio of these prices, which is
.2. The opportunity cost of producing x in the point
can be calculated by finding the amount of good y that must be given up to produce an additional unit of good x. This can be done by taking the derivative of the PPF equation with respect to x and evaluating it at
.The derivative of the PPF equation
with respect to x is:
at
gives:
Therefore, the opportunity cost of producing x in the point
is
.