Compensation and Benefits
Economics
What is the example of production possibility frontier?
Wiki User
October 25, 2011 12:35PM
guns vs butter
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Where is scarcity on a production possibility frontier?
represented by the points outside the Production possibility
frontier
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What is the effect of war on a production possibility frontier?
production possibility frontier shift leftward
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What are other names of production possibility frontier?
production possibility curve
Asked in Economics
What are the other names for production possibility frontier?
production possibility curve
production possibility boundary
transformation curve.
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How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will
shift the production possibility frontier.
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What are the other names for production possibility boundary?
other names for production possibility boundary are:
production possibility curve
production possibility frontier
transformation curve.
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What are the other names for production possibility curve?
other names for production possibility curve are:
production possibility boundary
production possibility frontier
transformation curve.
Asked in Economics
Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its
production possibility frontier?
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What is trading possibility frontier?
as in production possibility curve compares production
rates of two commodities, this compares prices of different
commodities.
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How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?
How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?
Asked in Economics
What the axes of the production possibility frontier measure?
quantities of productive inputs
Asked in Economics
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made
with the allocation of scarce resources. A production possibility
frontier is a graph illustrating those opportunities and comparing
their results.
Asked in Economics, Social Sciences, Nigeria
What is the Production Possibility Frontier for Nigeria?
Production possibility curve refers to the maximum output
combination which a firm can produce when it productive resources
are fully utilised
Asked in Economics
Where is choice on a production possibility frontier?
the points within the curve (the attainable region)
Asked in Economics
What is an important concept of Production possibility frontier?
an important concept of production possibility frontier is when
you bang your head and think again if you should be using the net
instead of roaming the libraries.. this question is and idiotic
one... f*ck you!
Asked in Planned Economy
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in
a command economy compared to a market economy because the PPF
equate the rates of production between two goods which both use
equal factors of production.
Asked in Economics, Statistics
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.
Asked in Economics
A popular modle used to illustrate the concept of opportunity cost is?
production possibility frontier
Asked in Economics
What is a Representation of the possible ways an economy could use resources?
Production Possibility Frontier
Asked in Economics
What is the most common shape of a production possibility frontier curve?
It is typically a bowed-out shaped.
Asked in Economics
Is the slope of production possibility frontier always varying?
Nope
That question was just on my quiz haha
Asked in Economics
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
Asked in Economics
Why a production possibility frontier might shift inwards or outwards?
a production possibility frontier might shift inwards because
the labour force shrinks,the supply of raw materials is depletes or
a natural disaster decreases the stock of physical capital.
a production possibility frontier might move outwards 1 increase
the supply of resources.migration increases the labour supply and
he discovery of new oil reserves increase the supply of natural
resources. 2 improve the technology. the discovery of more
efficient means of production will shift the production possibility
frontier outwards. 3 select an allocation of goods that has capital
accumulation.some consumption must be given up today so that more
capital goods can be produced
Asked in Business & Finance
Opportunity cost curve?
Look up Production Possibility Frontier, it is the same thing as
a Opportunity Cost Curve.