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It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
Attainable, but the economy is inefficient.
At any point of underutilization/any point inside of the curve
production possibilities curve convex to the origin. Elson Mendoza was here.
It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
Attainable, but the economy is inefficient.
Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph.
At any point of underutilization/any point inside of the curve
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
production possibilities curve convex to the origin. Elson Mendoza was here.
If there are opportunity cost, then yes my friend, they do.
no
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
That is true :)
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