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What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
Where were the point of underutilization appear on a production possibilities graph?
no
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
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
What tool helps producers set up an efficient system of production?
a production possibilities frontier graph
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.
Where were the point of underutilization appear on a production possibilities graph?
no
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
The opportunity cost of a decision can be examined by using?
production possibilities graph
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
