One of the trade-offs Tesla faces is between safety and the maximum range someone can drive an all-electric car before having to recharge it. For example, adding steel to a car makes it safer but also heavier, which results in fewer mileage between recharges. Assume that this trade-off is consistent with increasing costs of added safety. Draw a hypothetical production possibilities frontier that Tesla engineers face that show this trade-off.

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5 December, 11:40

One of the trade-offs Tesla faces is between safety and the maximum range someone can drive an all-electric car before having to recharge it. For example, adding steel to a car makes it safer but also heavier, which results in fewer mileage between recharges. Assume that this trade-off is consistent with increasing costs of added safety. Draw a hypothetical production possibilities frontier that Tesla engineers face that show this trade-off.

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Romeo Hanna · Answer 1

A creation conceivable outcomes outskirts demonstrates the most extreme sum that an economy can deliver.

Explanation:

The creation plausibility outskirts is a marginalist model that mirrors the most extreme amounts of merchandise and ventures that a nation or endeavour is fit for delivering in a given period and dependent on certain generation factors and innovative learning. Hence there are three circumstances in the profitable structure of a nation or endeavour:

Inefficient beneficial structure: When it is underneath the PPF, that is, either all assets are not utilized (inactive assets), or the innovation isn't satisfactory. Efficient beneficial structure: It is situated before the fringe or near it. There are no inactive assets and the best innovation is being utilized. Unattainable beneficial structure: It is over the generation potential outcomes. It is hypothetical since no nation or endeavour can deliver past its ability.