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If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
Wiki User
∙ 13y ago
production possibilities curve convex to the origin.
Elson Mendoza was here.
Wiki User
∙ 13y ago
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What does the law of increasing opportunity costs explain?
the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier that is concave from the origin.
Is Etymology reflected in spelling?
Yes
What two kinds of changes in the capital stock can improve labor productivity?
An increase in the quantity of capital per worker, which is reflected by a movement along the per-worker production function. According to Simon Kuznets, changes in the quantities of labor and capital account for only one-tenth of the increase in economic growthAn improvement in the quality of capital per worker, and it is is reflected by technological change that rotates the curve upward. It accounts for nine-tenths of the increase in economic growth.
How are the ideas of mercantilism reflected in your economy today?
ow are the ideas of mercantilism relflected in our economy today
What pitfall to objective thinking is reflected in a person's view that oil companies are price gouging the consumer?
Loaded Terminology
Law of increasing opportunity costs reflected in a PPC is concave to the origin?
The Law of Increasing Opportunity Cost that is shown in a Production Possibilities Curve is concave to the origin. This is because it shows the maximum gain of two products used in production.
What does the law of increasing opportunity costs explain?
the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier that is concave from the origin.
What rhymes with unprotected?
disrespected, unsuspected, mirror reflected, etcetera. many possibilities. you know there has to be if an example was mirror reflected.
Is production of rainbow light reflected or refracted?
A reflected light would be light reflected by a mirror, and the light would remain unchanged. A reflected light of daylight is when white light is split into 'rainbow' colours.
Energy production and use?
Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects.
What happens to sunlight that hits earth's surface?
There are two general possibilities - depending upon several types of conditions -, it will be either reflected or absorbed.
Democracy's belief in the worth of the individual is indirectly reflected in the?
Democracy's belief in the worth of the individual is indirectly reflected in the emphasis on rights and freedoms of citizens, the protection of individual liberties through a system of checks and balances, and the opportunity for individuals to participate in decision-making processes through voting and civic engagement.
Difference between imputed and implicit cost?
According to the "Bible" for accounting terminology, Barron's Dictionary of Accounting Terms, 5th Edition, they are the same. In fact, when you look up implicit cost, it refers you to imputed cost. This is the definition of imputed cost: "A cost that is implied but not reflected in the financial reports of the firm: also called implicit cost. Imputed costs consist of opportunity costs of time and capital that the manage has invested in producing the given quantity of production and the opportunity costs of making a particular choice among the alternatives being considered."
Why did john Wilkes kill Abraham Lincoln?
He was upset by the poor quality of the theatre production he was attending. "Really bad acting," he later reflected. "I just, you know, snapped."
What are 3 examples of light being reflected?
- light reflected from a window- light reflected from a mirror- light reflected from snow
How does changing a planet's albedo change a planet's temperature?
If you increase the albedo, more solar radiation will be reflected back into space and so the temperature will be lowered.
If a plant is kept under green colored light for an exteneded period of time what will happen to the plants food production?
The plants food production would be slower because the green light is reflected instead of absorbed and the only light it gets is green no other colors.
