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Does increasing opportunity cost occur when resources are being used at their peak efficiency when does opportunity cost increase?
Wiki User
∙ 15y ago
it is a sacrifice that one has to make between the alterntive he or she chooses to the next best alterntive
Wiki User
∙ 15y ago
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How can you increase purchase efficiency?
You can increase your purchase efficiency by reducing the amount of dead stock or slow moving inventory items. This will lower your total inventory value, increasing purchase efficiency. "Stock Items Only Of Which You Have Need"
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
What is the reason for the law of increasing opportunity costs?
Economic resources are not completely suited to all forms of uses, i.e. the answer lies in the specificity of resources. One resource is often more suited to the production of a certain commodity above others. For example, land is more suitable to the production of apples than the production of shirts. As we increase the shirt production, more and more land is transferred to production of shirts, where it is less suitable. Therefore, opportunity cost of producing shirts increases.
Why in a production possibilities frontier model a point inside the frontier is attainable?
A PPF is the locus of points such that all the economy's resources are used to its fullest potential. A PPF is concave to the origin because of the increasing opportunity cost to produce an additional unit of x (on the horizontal axes). A point inside the PPF is attainable because (1) there may be no full employment or (2) inspite of full employment they are used to less potential. On the contrary a point outside the PPF is not attainable because the PPF itself is the locus of the maximum attainable output given resources, the PPF may however expand due to increase in resources or their efficiency.
What does technological progress lead to?
an increase to efficiency
Why does the amount of denitration increase at high temperatures?
- the speed of reaction increase with increasing temperature - the actual efficiency increase with increasing temperature
Can you increase the efficiency of transformer by increasing the cooling of transformer?
nope
How do you increase a Thermal efficiency of brayton cycle?
by increasing the turbine inlet gas temperature
How can you increase purchase efficiency?
You can increase your purchase efficiency by reducing the amount of dead stock or slow moving inventory items. This will lower your total inventory value, increasing purchase efficiency. "Stock Items Only Of Which You Have Need"
How does the internal structure increase the efficiency of the mitochondria?
By increasing surface area. So more can bind
Why you need increase in production of power resources of Pakistan?
An increase in production of power resources of Pakistan because the economy is not good for the good economy we have to increase our energy resources. The population is increasing and it is used vital in agricultural. Domestic and industrial sector broadly.
How to increase a Thermal efficiency of rankine cycle?
-increase the temperature of the super heated steam -lowering the condensing pressure -increasing the boiler pressure (Reheating, regeneration...)
Is the purpose of Supercharger?
To increase an engines Hp/Tq, by increasing it's volumetric efficiency ( how much air/fuel is in the cylinder).
Why do opportunity cost increase as society produces more of a good?
Because when one produces one product, the opportunity cost of the other product increases. The concave represents the increasing opportunity cost with the production of a good.
Why the vacuum is maintained in condenser?
For increasing steam turbine efficiency. if vacuum is not maintained then, uncondensable gases and air in condenser will increase the condenser pressure.
What does Container shipping increase?
International trade Actually, thinking about it, more accurately it facilitates trade by making the transport more efficient. It doesn't increase the trade. It services the trade that is there, by increasing its efficiency.
What does reducing friction increase?
Efficiency Efficiency
