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Their prices would increase.
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If a supply-demand curve were applied to basic resource?
Their prices would increase.
What is the Importance of production possibility curve?
Importance of production possibility curve in allocation resources
What is the shape of offer curve and what is the reason behind this particular shape of offer curve?
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
When the production possibilities curve is bowed out resources are?
Resources are not perfectly shiftable between production of the two goods.
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
If a supply-demand curve were applied to basic resource?
Their prices would increase.
What are the basic geometric terms?
curve
What is the Importance of production possibility curve?
Importance of production possibility curve in allocation resources
What is the shape of offer curve and what is the reason behind this particular shape of offer curve?
Good day, I would like to know the relevance of OFFER CURVE to applied microeconomics.
When the production possibilities curve is bowed out resources are?
Resources are not perfectly shiftable between production of the two goods.
What If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
If a country uses up a good portion of its available resources what happens to its production possibilities curve?
The curve moves inward
Shifting of ppc?
The biggest reasons for a shift in the Production Possibilities Curve is new technology. Basically, if things can be done more efficiently (that is, with less resources than before), the curve shifts outward. Another way is by finding more of the resources used in the curve.
What is S-curve in primavera?
Curve that represents the curve between cost vs time or resources vs time in primavera planning software... Since it looks like "s" its called s-curve...
Can data from the Phillips curve be used effectively by using short term rather than long term data?
Can Phillips curve be applied to ZIMBABWEAN PROBLEMS
Why does exponential growth show a characteristic j-shaped curve?
Unlimited resources
What does each point on a production possibilities curve show?
an efficient utilization of resources
