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What three important pieces of information can you learn by reading a production possibilities graph?
Well the graph shows alternative ways to use economies resources, and the axes of the graph can show categories of goods and services like farm goods and factory goods or capital goods or consumer goods. Also the axes shows any pair of specific goods or services such as hats one axis and shoes on the other.
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
A graph of a complementary good in economics?
A graph of complimentary goods in economics represents the relationship between the price of of commodity & demand for it's complementary. Thus it shows a inverse relationship.
What is indiference curve and explain it?
curve that maps an individual's alternative combinations of goods where they receive the same amout of utility. It shows all the points where one is satisfied to the same extent with different combinations of goods (usally two on a graph)
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
What three important pieces of information can you learn by reading a production possibilities graph?
Well the graph shows alternative ways to use economies resources, and the axes of the graph can show categories of goods and services like farm goods and factory goods or capital goods or consumer goods. Also the axes shows any pair of specific goods or services such as hats one axis and shoes on the other.
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
A graph of a complementary good in economics?
A graph of complimentary goods in economics represents the relationship between the price of of commodity & demand for it's complementary. Thus it shows a inverse relationship.
What is the difference between a pie graph and a bar graph?
a pie graph shows percentages and a bar graph shows numbers and amounts
Graph that shows parts of a whole?
A pie graph shows parts of a whole
A graph of boyles law shows the relationship between?
a graph law graph shows the relationship between pressure and volume
What kind of graph shows comparisons?
Every graph shows comparisons of some kind or another.
What graph shows a trend over time?
A line graph shows a trend over time.
What is a graph that shows the parts of a whole?
pie graph
What is a Value Bar Graph?
a graph that shows the data.
What is picto graph?
a picto graph is a graph that shows pictures to represent numbers
What graph shows how the whole of something is divided into parts?
A pie graph shows how the whole is divided into parts.
