0
A point outside the production possibilities curve represents a combination of goods that is?
A point outside the production possibilities curve represents a combination of goods that is unattainable with the current resources and technology available. It indicates a level of production that exceeds the economy's capacity. In practical terms, achieving such a point would require improvements in efficiency, advances in technology, or an increase in resource availability.
What else can I help you with?
A point outside a production possibilities frontier is?
A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.
Country's consumption possibilities frontier can be outside its production possibilities frontier if?
penis, it's wats good for you. fo'sho man.
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
What is a point that lies outside a country's production possibilities curve?
The Country, given its current technology and available resources cannot produce this combination of goods. Presently it is unobtainable
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
A point outside a production possibilities frontier is?
A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.
Country's consumption possibilities frontier can be outside its production possibilities frontier if?
penis, it's wats good for you. fo'sho man.
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
What is a point that lies outside a country's production possibilities curve?
The Country, given its current technology and available resources cannot produce this combination of goods. Presently it is unobtainable
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
What does each point on a production possibilities curve represent show?
Each point on a production possibilities curve (PPC) represents a different combination of two goods or services that an economy can produce using its available resources and technology. Points on the curve indicate efficient production levels, where resources are fully utilized. Points inside the curve reflect inefficiency or underutilization of resources, while points outside the curve are unattainable with current resources. The PPC illustrates trade-offs and opportunity costs, highlighting the choices an economy faces in allocating its resources.
What is the purpose of a production possibilities gragh?
A production possibilities graph illustrates the maximum potential output of two goods or services that an economy can produce given its resources and technology. It demonstrates concepts such as opportunity cost, efficiency, and trade-offs by showing the trade-offs between the production of the two goods. The curve typically represents efficient production levels, while points inside the curve indicate inefficiency and points outside are unattainable with current resources. Overall, it helps in understanding resource allocation and economic efficiency.
What are the attainable region and unattainable region in the ppf?
The attainable region in a production possibilities frontier (PPF) represents all the combinations of goods or services that can be produced using available resources and technology. The unattainable region represents combinations that cannot be produced given current constraints. Any point inside the PPF is efficient, while points outside the PPF are unattainable without increasing available resources or improving technology.
What does a production possibilities curve reveal?
A production possibilities curve (PPC) illustrates the maximum output combinations of two goods or services that an economy can achieve, given available resources and technology. It reveals the trade-offs and opportunity costs associated with reallocating resources between the production of different goods. The curve also indicates efficiency (points on the curve), inefficiency (points inside the curve), and unattainable production levels (points outside the curve). Overall, it helps to visualize the limits of production and the choices an economy must make.
What line on a production possibilties curve shows the amounts of goods produced?
The line on a production possibilities curve (PPC) that shows the amounts of goods produced is known as the production possibilities frontier (PPF). This curve illustrates the maximum feasible output combinations of two goods that can be produced with available resources and technology. Points on the curve indicate efficient production levels, while points inside the curve represent inefficiency, and points outside the curve are unattainable with current resources.
Any intersection of points outside the frontier line on a production possibilities graph would show that the economy is?
Depends on what the graph will display for us to really gather a correct answer. The reason behind it is because there are a lot of topics that have to do about the economy.
Does unemployment move outside the production possibilities frontier?
The production possibilities frontier is a curve illustrating the various ratios of goods that can be produced by a nation when that nations economy is at maximum productivity, using all resources (including labor). To be at maximum productivity there must be full employment. When there is not full employment (unemployment) the country cannot be on it's PPF, let alone beyond it. The nations economy is represented by a point within, or under, the curve.
