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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.

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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


A good harvest will generally lower the income of farmers illustrate this proposition using a supply and demand diagram?

agood harvest will generally lower the income of farmers illustrate this proposition using asupply and diagram


Explain with the help of production possibility diagram the concept of opportunity cost?

Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.


Illstrurate te effect od subsidy in a market by using a demand and a supply diagram?

use a demand and supply diagram to illustrate the effect of a subsidy.


Explain why government intervention is often required if there is a positive externality in the market and illustrate with a diagram Briefly list what are the ways to correct for a positive external?

I think ask from LIZ.HEHEHHEHEHEHEHEH

Related Questions

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


How is an immediate effect of an increase in unemployment illustrated on production possibility curve diagram?

a movement of the production point closer to the curve


With the aid of a diagram illustrate how the c plus plus compiler works?

With the aid of a diagram,illustrate how the c plus plus compiler works?


What kind of diagram do you use to illustrate connections?

relationship


What does the diagram illustrate about turbidity currents?

"They move along the bottom."


A good harvest will generally lower the income of farmers illustrate this proposition using a supply and demand diagram?

agood harvest will generally lower the income of farmers illustrate this proposition using asupply and diagram


Is thermal refrigerator an example of heat engine why illustrate your answer with the aid of a diagram?

No


Explain with the help of production possibility diagram the concept of opportunity cost?

Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.


Where can you get a diagram of the air conditioner for the 98 Frontier?

From your local library.............


Where can you find a diagram of the immobilizer wiring for a Nissan Frontier?

where to find wiring diagram for a vauxhall vectra 1.7 td


Diagram of a crank position sensor in a 2002 Nissan Frontier?

location of a crank shaft sensor on a nissan frontier 2002


What does a hermaphrodite diagram typically illustrate?

A hermaphrodite diagram typically illustrates the reproductive organs of an organism that has both male and female characteristics.

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