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A production point beyond the production possibilities frontier represents what?
Wiki User
∙ 10y ago
This represents a production point that could be achieved if there were suffecient resources available.
Wiki User
∙ 10y ago
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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.
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.
Could a future advance in technology allow production beyond the production possibility curve?
yes
What is over production?
what is overproduction during natural selection using Darwin's theory? over production is producing something beyond the requirement , that is producing an output above the equilibrium .
What is an economic region of production?
The economic region of production shows the combinations of factors at a certain cost that make economic sense. Areas outside the economic region of production mean that at least one of the inputs has zero or negative marginal productivity. This region is marked by what are called ridge lines, which are simply the boundaries beyond which one of the two factors is being overused. Therefore, outside the economic region of production, there is clear inefficiency, and the company would be better of using less of one of the two factors, bringing costs down whilst maintaining equal production output. Graphically:
How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will shift the production possibility frontier.
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.
What is the duration of Beyond the Last Frontier?
The duration of Beyond the Last Frontier is 3600.0 seconds.
When was Beyond the Last Frontier created?
Beyond the Last Frontier was created on 1943-08-18.
What actors and actresses appeared in Beyond the Frontier - 1983?
The cast of Beyond the Frontier - 1983 includes: John Juliani as Narrator
What is a production possibilities frontiers?
Basically the PPC represents the hypothetical amount of two different goods that could be obtained by using resources from the production of one for the production of the other. It also describes society's choice between two different goods. When a point is on the curve it means all the resources for those goods is at full employment, anything under the curve is at under-employment, and anything beyond the curve indicates potential growth.
What are the release dates for Beyond the Last Frontier - 1943?
Beyond the Last Frontier - 1943 was released on: USA: 18 August 1943
What is the that lies beyond the settled areas?
What is land beyond settled areas
What is a production possibility frontier curve?
Basically the PPC represents the hypothetical amount of two different goods that could be obtained by using resources from the production of one for the production of the other. It also describes society's choice between two different goods. When a point is on the curve it means all the resources for those goods is at full employment, anything under the curve is at under-employment, and anything beyond the curve indicates potential growth.
What was the name for the thinly settled areas beyond existing communities in the US?
The area just beyond established settlements is known as the frontier.
What was the Production Budget for Beyond the Sea?
The Production Budget for Beyond the Sea was $24,000,000.
What was the Production Budget for Beyond the Mat?
The Production Budget for Beyond the Mat was $500,000.
