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Alternative ways to use an economy's resources.
Compares two goods and shows the opportunity costs for making each good.
The maximum quantities of two (or more) products that can be produced using the available limited inputs.
What else can I help you with?
What are the other names for production possibility boundary?
other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
What are the other names for production possibility curve?
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
What is the Importance of production possibility curve?
Importance of production possibility curve in allocation resources
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
What are other names of production possibility frontier?
production possibility curve
To show Full Employment on a Production Possibilities Curve you indicate what?
Full employment exists at every point on the production possibility curve. Which can be indicated with Y(f).
Point F violates which assumption of the Production Possibility Curve?
Point F violates the assumption of the production-possibility curve that resources and technology are not fixed. The curve is sometimes referred to as the productionâ??possibility frontier.
Draw a production possibility curve and use it to explain scarcity choice and opportunity cost?
Production Possibility Curve this is an image of a ppf/ ppc
How can recession be pictured in a Production possibility curve?
it can not
What does the point outside a production possibility curve mean?
It is an unreachable possibility.
What is happening when a production possibility curve shifts to the left?
In economics when the product possibility curve moves left it shows in decrease in production possibility. Why? try to figure it out, it helps in understanding. Peace out.
How is an immediate effect of an increase in unemployment illustrated on production possibility curve diagram?
a movement of the production point closer to the curve
