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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.


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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?

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3 factors that will cause the ppf to shift outwards?

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pukiki debo ! i love jaju <3 :3 \m/


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