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Explain what shift the product possibility frontier outward and what shift is inward?
Wiki User
∙ 12y ago
economic growth, will shift the PPF outward, because the income will increase.
Wiki User
∙ 12y ago
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What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
How do you Illustrate on Production Possibility Frontier diagram?
The PPF graph is a bowed out curve. The x-axis being quantity produced of one product/service and the y-axis being another quantity produced of a product/service. Any point on the curve is productive efficiency. Outside of the curve is unattainable and inside of the curve is inefficient.
What is happening when a production possibility curve shifts to the left?
In economics when the product possibility curve moves left it shows in decrease in production possibility. Why? try to figure it out, it helps in understanding. Peace out.
How is underutilization depicted on a production possibilities frontier?
In economics, underutilization is depicted on a production possibilities frontier as it wastes recourses and causes shortage of that product faster than if the recourses were utilized.
How do you illustrate a production possibility frontier?
By using production possibility curve,country is producing both industrial and agricultural product using available resources, technology country operating inside production possibility curve shows the levels underdevelopment, which will be result under utilisation of resources ,poor technology. The country operating outside production possibility curve show the levels of development in economy, however, an economy can produce both industrial and agricultural using the resources available without effecting the production each . A shift from inside to outside it may be result of discovering of new resources, improved technology .
What do you call an economy working at its most efficient production level?
PPF- product possibility frontier.
What was the main product along the western frontier?
Furs
What is antiage?
It is treatment or product considered to prevent the outward show to getting older.
What determins an organism's phenotype?
Phenotype is the outward characteristics of an organism, a product of both genotype and the environment in which the organism lives
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
Explain the matrix approach to product planning?
Explain the Matrix approach to product planning. Suggest a Marketing strategy on the basis of the product evaluation matrix.
How do you Illustrate on Production Possibility Frontier diagram?
The PPF graph is a bowed out curve. The x-axis being quantity produced of one product/service and the y-axis being another quantity produced of a product/service. Any point on the curve is productive efficiency. Outside of the curve is unattainable and inside of the curve is inefficient.
Explain how you know whether an estimate of a product is an overestmate or an underestimate?
Explain how you know whether an estimate of a product is an overestimate or an underestimate?
Explain how product form pricing may be a pricing option at Quills?
Explain how product form pricing may be pricing option at Quills?
What is happening when a production possibility curve shifts to the left?
In economics when the product possibility curve moves left it shows in decrease in production possibility. Why? try to figure it out, it helps in understanding. Peace out.
What is vector product and explain its properties?
cereal
How is underutilization depicted on a production possibilities frontier?
In economics, underutilization is depicted on a production possibilities frontier as it wastes recourses and causes shortage of that product faster than if the recourses were utilized.
