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the increasing costs resulting in increasingly less output
It means underutilization of resources.
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∙ 12y ago
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What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
Which tools helps a producer set up an efficent systemof production?
A production possibilities frontier graph
Illustrate on Production Possibility Frontier diagram if the economy experiences a technological boom?
In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
What tool helps producers set up an efficient system of production?
a production possibilities frontier graph
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
When charted on a graph Production possibilities frontiers tend to curve?
Yes, they do.
What helps a producer set up an efficient system of production?
a production possibilities frontier graph
What tools help a producer set up efficient system of production?
a production possibilities frontier graph
Which tools helps a producer set up an efficent systemof production?
A production possibilities frontier graph
Illustrate on Production Possibility Frontier diagram if the economy experiences a technological boom?
In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA
What causes movement along a production possibilities curve?
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.
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
