PPF and investment fe Kayla has 40 hours to provide treatment to injured individuals and to locate disaster survivors. It takes Kayla 8 hours to provide treatment to 1 injured individual and 10 hours to locate 1 disaster survivor. In addition, Kayla has the option to devote 4 hours to do one and only one of the following two activities: acquiring a drone (and learning how to use it) or resting. In other words, Kayla cannot split her 4 hours between acquiring a drone and resting. If she uses 4 hours to acquire a drone and to learn how to use it, then it takes Kayla 8 hours to provide treatment to 1 injured individual (no change) and 4 hours to locate 1 disaster survivor. If she rests for 4 hours, then it takes Kayla 6 hours to provide treatment to 1 injured individual and 6 hours to locate 1 disaster survivor. Note that located disaster survivors is on the y-axis (Qps is number of located Disaster Survivors) and treated injured individuals is on the x-axis (Q, is number of treated Injured Individuals). a. Sketch Kayla's PPF conditional on not acquiring a drone and not resting. Clearly label your

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 6PA
icon
Related questions
Question

Parts A-D

2. PPF and investment fe
Kayla has 40 hours to provide treatment to injured individuals and
to locate disaster survivors. It takes Kayla 8 hours to provide treatment to 1 injured individual and 10
hours to locate 1 disaster survivor. In addition, Kayla has the option to devote 4 hours to do one and
only one of the following two activities: acquiring a drone (and learning how to use it) or resting. In
other words, Kayla cannot split her 4 hours between acquiring a drone and resting.
If she uses 4 hours to acquire a drone and to learn how to use it, then it takes Kayla 8 hours to provide
treatment to 1 injured individual (no change) and 4 hours to locate 1 disaster survivor. If she rests for 4
hours, then it takes Kayla 6 hours to provide treatment to 1 injured individual and 6 hours to locate 1
disaster survivor. Note that located disaster survivors is on the y-axis (Qps is number of located
Disaster Survivors) and treated injured individuals is on the x-axis (Q,, is number of treated Injured
Individuals).
a. Sketch Kayla's PPF conditional on not acquiring a drone and not resting. Clearly label your
graph (i.e., indicate values for slope and intercepts).
Oos
Qu
b. Sketch Kayla's PPF conditional on acquiring a drone and learning how to use it. Clearly label
your graph (i.e., indicate values for slope and intercept
Qps
Qu
5
Transcribed Image Text:2. PPF and investment fe Kayla has 40 hours to provide treatment to injured individuals and to locate disaster survivors. It takes Kayla 8 hours to provide treatment to 1 injured individual and 10 hours to locate 1 disaster survivor. In addition, Kayla has the option to devote 4 hours to do one and only one of the following two activities: acquiring a drone (and learning how to use it) or resting. In other words, Kayla cannot split her 4 hours between acquiring a drone and resting. If she uses 4 hours to acquire a drone and to learn how to use it, then it takes Kayla 8 hours to provide treatment to 1 injured individual (no change) and 4 hours to locate 1 disaster survivor. If she rests for 4 hours, then it takes Kayla 6 hours to provide treatment to 1 injured individual and 6 hours to locate 1 disaster survivor. Note that located disaster survivors is on the y-axis (Qps is number of located Disaster Survivors) and treated injured individuals is on the x-axis (Q,, is number of treated Injured Individuals). a. Sketch Kayla's PPF conditional on not acquiring a drone and not resting. Clearly label your graph (i.e., indicate values for slope and intercepts). Oos Qu b. Sketch Kayla's PPF conditional on acquiring a drone and learning how to use it. Clearly label your graph (i.e., indicate values for slope and intercept Qps Qu 5
c. Sketch Kayla's PPF conditional an resting. Clearly label your graph (i.e., indicate values for
slope and intercepts).
Qps
Qu
d. Using your answers in parts 2.a., 2.b., and 2.c., sketch Kayla's PPF. Clearly label your graph (i.e.,
indicate values for slopes, intercepts, and kink(s)).
Qps
Qu
e. How many disaster survivors must be located so that acquiring a drone is
efficient? Justify your answer using the graph drawn in part 2.d n
6.
Transcribed Image Text:c. Sketch Kayla's PPF conditional an resting. Clearly label your graph (i.e., indicate values for slope and intercepts). Qps Qu d. Using your answers in parts 2.a., 2.b., and 2.c., sketch Kayla's PPF. Clearly label your graph (i.e., indicate values for slopes, intercepts, and kink(s)). Qps Qu e. How many disaster survivors must be located so that acquiring a drone is efficient? Justify your answer using the graph drawn in part 2.d n 6.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning