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What are the attainable region and unattainable region in the ppf?
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Why equilibrium state attainable from either way?
because i
Why are local cattle breeds preferred for cross breeding?
Local cattle breeds are much more easily attainable than those that are not local.
A city is an example of which type of region?
The city is in the region it is not a separate region but it is conjoined in Its big region so no
Is Seattle a Functional Region?
Yes Seattle is a functional region. A functional region is a region that is distinguished as either a metropolitan area or a city-region.
What is the difference between a formal region and a functional region?
a formal region is a huge region characterised by many activities. a functional region is a region that serve other region like major cities serving rural or peripery areas.
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
Why are some production combinations attainable and unattainable?
the combination which lies on PPC curve IS attainable combination.
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.
Why does the shape of the ppf slope downwards to the right and bulge out?
The slope of the PPF at a given point is the amount of good 'A' that would have to be sacrificed to get an additional unit of good 'B" That is the opportunity cost of getting an extra unit of good 'B' It bulges outwards (it is concave) because of the increasing opportunity cost If the slope is lineaar (straight) the opportunity cost will be constant and no sacrifice will be made. Three results can result from the PPF these are.. 1) Unattainable 2) Attainable and efficient 3) Attainable but inefficient Innefiency refers to when TB (total benefit) mines TC (tolat cost) is not maximised.
How does the Production Possibility Frontier illustrate scarcity?
Scarcity, on a PPC (PPF) is implied by the bowed (concave-down) shape of the curve, since there is a restriction on how much can be produced and, to get more of something, one must give away something else.
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
What is the Antonym of feasible?
Synonyms: achievable, attainable, doable, feasible, practicable, realizable, possible, workableAntonyms: hopeless, impossible, impracticable, infeasible, nonviable, unattainable, undoable, unfeasible, unrealizable, unviable, unworkable
Balance of ppf account?
When you open your PPF Account you will get a pass-book which will be updated everytime you make a transaction. These days, when you open a PPF account, the balance is available online. Check with the bank that helped you open the PPF Account. They will help you with it
What is the difference straight ppf and concave ppf?
If the opportunity cost is constant, the PPF is a straight line; when the opp. cost of a good rises when it is produced more, then concave.
What causes ppf to be a straight line?
when the oppotunity cost is a constant the PPF will be a stright line
What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
