0
What does a linear ppc curve imply about opportunity costs and inputs to production?
Wiki User
∙ 9y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
If opportunity costs were constant then the production possibilities curve would be what?
A straight line.
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
How does a production possibilities curve illustrate Opportunity costs?
It shows weather the item you are talking about is increasing or decreasing.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
The law of increasing costs means that when an economy increases the production of one item?
It is one of these questions: a. the opportunity cost goes up. b. the actual cost of making the item goes down. c. the actual cost goes up but the opportunity cost goes down. d. the production costs will increase also. You decide...
If opportunity costs were constant then the production possibilities curve would be what?
A straight line.
What are the theories of production?
The main theories of production include the production function theory, which examines the relationship between inputs and outputs in the production process; the theory of economies of scale, which suggests that as production levels increase, costs decrease per unit; and the theory of factor proportions, which analyzes the optimal combination of inputs to maximize output.
What does a production possibility curve show?
Alternative ways to use an economy's resources. Compares two goods and shows the opportunity costs for making each good. The maximum quantities of two (or more) products that can be produced using the available limited inputs.
What does a production possibilities curve graph show?
Alternative ways to use an economy's resources. Compares two goods and shows the opportunity costs for making each good. The maximum quantities of two (or more) products that can be produced using the available limited inputs.
What assumptions about costs are made in CVP?
Although no one can be certain that costs are linear over the entire range of output or production, this is an assumption of CVP.
What is the economic impacts of flooding in Bellingen?
Floods damage inputs to production, including established infrastructure (representing a lost of fixed costs).
When cost relationships are linear total variable prime costs will vary in proportion to changes in?
Volume of Production
What has the author Zvi Lieber written?
Zvi Lieber has written: 'Production over time with increasing marginal costs and linear holding and backlogging costs'
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
How does a production possibilities curve illustrate Opportunity costs?
It shows weather the item you are talking about is increasing or decreasing.
Law of increasing opportunity costs reflected in a PPC is concave to the origin?
The Law of Increasing Opportunity Cost that is shown in a Production Possibilities Curve is concave to the origin. This is because it shows the maximum gain of two products used in production.
How service quality effects on supplier firm performance?
After realizing true costs in the production stage, the design stage provide the second greatest opportunity to reduce costs.
