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A Production Possibility Frontier (PPF) is a curved bowed out from the origin. It is mostly 2 dimensional and involving 2 goods or services.
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Why does the shape of the ppf slope downwards to the right and bulge out?
The slope of the PPF at a given point is the amount of good 'A' that would have to be sacrificed to get an additional unit of good 'B" That is the opportunity cost of getting an extra unit of good 'B' It bulges outwards (it is concave) because of the increasing opportunity cost If the slope is lineaar (straight) the opportunity cost will be constant and no sacrifice will be made. Three results can result from the PPF these are.. 1) Unattainable 2) Attainable and efficient 3) Attainable but inefficient Innefiency refers to when TB (total benefit) mines TC (tolat cost) is not maximised.
Identify and define three types of trade barriers?
The 3 types are ........... and ..... does ........, ......... does ........ and finally ........... does ............
State three assumptions underlying the PPF?
1) an economy's resources are fixed in both quantity and quality 2) the state of technology is constant 3) That 2 types of goods are produced 4) that the resources are completely mobile between the production of both goods hope that helps
Identify the uneven distribution of wealth as a market failure?
someone answer, we need this too! <3
What is Production possibilities frontier in the economy shifts outward does it follow that per-captia output will rise?
The production possibilities frontier (PPF) is a curve that shows how much output of good X a country can produce at the expense of the production of good Y. A country that has a comparitave advantage over good X should produce more of it at the expense of a reduction in production of good Y. (Going to add more to this question later... Mobeen Iqbal, Bahrain) 1. Yes, If the PPF shifts outward, it means there is more output 2. No, because when the PPF shifts outward, and there is greater output, the population always rises by a greater percentage thant the rise of the output. 3. Not necessarily, First, it depends on whether or not htte capacity to produce mroe output is realized. Then, it depends on the percentage rise in output relative to percentage rise in the population. 4. Not nessarily, First, it depends on whether or not the capacity to produce more output is realized. Then, it depends on the percentage rise in output relative to ther percentage rise in income I am not sure which it is?
How do you make a 3-Dimensional shape out of paper?
identify 3-dimensional shapes? cone,prism,,pyramid,cylinder,and sphere?
How many different shapes can you get in a 3 x 3 grid?
Excluding reflections and rotations, there are at least 14 different shapes which enclose only one space.
3 factors that will cause the ppf to shift outwards?
Three Factoors that can cause the ppf to shift outwards are 1. Economic growth 2. Technological progress 3. increase in physical capital or labour
If you took 3 tea bags in different shapes which is most likely to be the quickest?
Triangle shapes are best
How are 2 dimensional shapes different from 3 dimensional shapes?
They have one fewer dimension; they lack depth.
Can you draw more different kinds of 3-sided shapes or 4 sided shapes?
-1
What two different shapes each have 3 sides and 3 corners?
Triangle
What are two different shapes that each have 3 sides and 3 corners?
1 is the triangle
The planet earth has been referred to with 3 different shapes over all these years. What 3 shapes is planet earth referred to?
circle,flat,round
What is the different shapes observation of inference?
pukiki debo ! i love jaju <3 :3 \m/
Can you draw more different kinds of 3-sides shapes or 4-sides shapes?
4-sided shapes, because if you think about it, triangles (3-sided shapes) aren't that varied in sizes and types. 4-sided shapes can be as crazy as possible, so... yeah. 4-sided shapes are definitely more varied in drawing forms.
Can you draw more different kinds of 3-sided shapes or 4-sided shapes?
4-sided shapes, because if you think about it, triangles (3-sided shapes) aren't that varied in sizes and types. 4-sided shapes can be as crazy as possible, so... yeah. 4-sided shapes are definitely more varied in drawing forms.
