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.
To keep creditors from discriminating against consumers based upon their gender, race, religion, national origin, marital status, age or source of income.
origin of statistics
Industrial Origin Approach?
origin and development of hire purchase
A Certificate of Origin is required for many imports into the United States. The certificate states the exact place of manufacture and origin of the country that produced the goods.
because it has increasing opportunity costs
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.
production possibilities curve convex to the origin. Elson Mendoza was here.
The word concave is derived from the Latin word concavus, from cavus, meaning cave.
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
The PPC / PPF is concave to the origin because not all resources are perfectly suited to the production of both goods. This leads to increasing opportunity costs caused by diminishing returns. So as more and more resources are switched from the production of one good to the production of another good, returns diminish. This is the law of diminishing returns. This law is identified by the PPC being concave. As an example, consider production of root beers to mountain bikes. When most workers are making bikes, the few remaining in brewing buisness are the best brewers. If more bikes are to be produced, then the most skilled beer workers have to be shifted to bike manufacturing, thereby affecting the amount to beer significantly. A concave PPF is generally applicable in cases where the production requires specialization and varied raw products (eg. guns and butter as given on wikipedia.) In cases of similar goods, it is generally a straight line, eg. production of cakes and pastries.
because the point of origin would be on an outer point and around it the walls seem to cave in making it seem concave, in comparison to a regular polygon. When checking for concave polygons always compare what you are looking at to a regular polygon
The ultrasound principle is this: when a high-frequency sound is produced and aimed at a target, it will be reflected by its target and the reflected sound can be detected back at its origin.
The equal opportunity Act
In a sense, yes. This type of reflection, in which a function is reflected over both the x and y-axes, is a possible characteristic of odd functions and is known as origin reflection, or reflection about the origin.
The PPF is bowed outwards (concave to the origin) as tradeoffs between the production of any two goods are constant.