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Is it true that axes of the production possibilities curve measure quanties of productive inputs?
Wiki User
∙ 9y ago
Yes, that can be true but it depends on the axes of the curve.
Wiki User
∙ 9y ago
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What the axes of the production possibility frontier measure?
quantities of productive inputs
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
What is one productive resource that all people own regardless of their wealth?
One productive resource that all people own regardless of their wealth is time. Everyone has been given time in equal measure.
What are the quanties of measurements and it desired units?
what measure quanties of water to make soap
What the axes of the production possibility frontier measure?
quantities of productive inputs
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
What is a product function?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Economic growth is a measure of the increase in?
An outward shift of the production possibilities curve
What is productive function?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
Why rms value is used to measure all the quanties?
Most of the quantities in electrical system are varying in nature.RMS can mainly measure the magnitude of the quantities that are varying in nature. Mathematically speaking it can be calculated for a series of discrete values or for a continuously varying function.
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
Is having the same measure?
congruent, equivalent, identical, equal are some possibilities.
How do you measure the levels of production in a business?
The best way to measure the levels of production in business is to establish benchmarks and then measure productivity over time. You can choose to measure productivity every three months.
What are three ways to measure photosynthetic rate?
I found four ways, so take your pick :) 1) measure the uptake of CO2 2) measure the production of O2 3) measure the production of carbohydrates 4) measure the increase in dry mass
What is one productive resource that all people own regardless of their wealth?
One productive resource that all people own regardless of their wealth is time. Everyone has been given time in equal measure.
