A point inside a production possibilities curve represents things that can be produced. However, points inside the curve would be less efficient to produce than those points resting directly on the line.
A point inside the curve on a production possibilities curve (PPC) represents an inefficient use of resources, where the economy is not operating at its full potential. This indicates that more of one or both goods could be produced without sacrificing the production of another good. It suggests underutilization of labor, capital, or technology. In contrast, points on the curve represent efficient production levels.
Attainable, but the economy is inefficient.
At any point of underutilization/any point inside of the curve
It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
production possibilities curve convex to the origin. Elson Mendoza was here.
Attainable, but the economy is inefficient.
At any point of underutilization/any point inside of the curve
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.
It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
production possibilities curve convex to the origin. Elson Mendoza was here.
If there are opportunity cost, then yes my friend, they do.
no
That is true :)
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
it really good
yes
Any point on the PPC curve