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Why does the shape of the ppf slope downwards to the right and bulge out?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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What is the explanation for the shape of the demand curve?
It is a slope that goes downwards from left to right.
Demand curve slopes downwards from left to right. this is the negative slope that shows the inverse relationship between price and demand. explain why does the demand curve slope downwards?
because demand decreases as price increases :)
Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
What direction does the supply curve slope from the left to right?
Supply curves do not always slope from left to right. A supply curve can slope from the right and when this happens this means that there is a surplus of goods at a lower price.
Why does demand curve for a monopolist slope downward?
Virtually all demand curves slope downwards, except for, perhaps, absolutely essential life-saving medication. The demand curve does not depend on the type of organization supplying the good or service, it depends on peoples willingness to buy that good or service. As price increases for any good or service, people are inclined to cut back on the quantities they purchase. Therefore, the demand curve slopes downwards.
What is the explanation for the shape of the demand curve?
It is a slope that goes downwards from left to right.
Demand curve slopes downwards from left to right. this is the negative slope that shows the inverse relationship between price and demand. explain why does the demand curve slope downwards?
because demand decreases as price increases :)
What is an negative slope?
A negative slope is a slope occurs whenever an increase in the x value of the equation of a line causes the y value to decrease. If you're looking at the graph, the line with slope downwards from left to right.
Which is steeper a slope of-3 or a slope of 2?
-3, but going downwards rather than upwards.
Why a ball on a slope moves downwards?
Because of the force of gravity.
How can you determine if an exponential pattern is growing or decaying in a graph?
If the graph, from left to right, is going upwards, with an increasing gradient (slope) then it is undergoing growth. If it is going downwards, with a decreasing gradient (slope) then it is undergoing decay.
Define the word slope?
Slope is found by calculating rise over run. It represents the steepness of a line and the line's direction. The higher the absolute value of the slope, the more the line's steepness increases, and vice versa. If the slope is positive, the line is diagonal upwards to the right ( / ). If the slope is negative, the line is diagonal downwards to the right ( \ ). If the slope is zero, the line is horizontal. If it is "undefined", the line is a vertical line.
What is the difference between a concave slope and convex slope?
Standing on the top of a concave slope means you can not see down to the bottom due to the bulge in the middle. A concave slope starts gently and gets steeper, once over the bulge, near the bottom. Standing on a concave slope means that you can see the bottom of the slope. A concave slope starts off steeply and becomes less steep near the bottom.
How would yu describe the rise and the run for a slope of -2?
Negative or downwards
Do aeroplane wings slope downwards?
To counteract the effect of load pushing upwards when flying
What might cause a bulge in the slope of a volcano?
the magma growing in size and large cracks forming
Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
