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All the possible combination of two goods which an economy produce with given resources and technology.
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∙ 12y ago
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Is the current US economy on the production possibility curve?
An economy can be producing on the PPF curve only in theory. In reality, economies constantly struggle to reach an optimal production capacity.
What is production possibilities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
Indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't .?
indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't ....
Why production output increased but labor cost decreased?
when production output increases, labour hours decreases due to term called "Learning Curve"Learning Curve: LC provides us the answer of this situation and elaborate that when the production of units goes double there is less time required to make them as compare to the first unit of that product to produce.It is very simple in daily life as well as when somebody do any work first time it take him much more time to do it then doing it again and again so this happens in manufacturing as well and that's why labour hours reduces as production units increases.
What is The economy of the US is a?
the economy of the us is a
Is the current US economy on the production possibility curve?
An economy can be producing on the PPF curve only in theory. In reality, economies constantly struggle to reach an optimal production capacity.
What is production possiblities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What is production possibilities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What is production possibility curves?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What is possiblism?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What date was this battle fought?
if you tell us which battle there's a possibility someone might answer
What is pet sampras's religion?
Please tell us what a "pet sampras's" is! Then there may be a possibility we can answer the question.
What crop would do good at 3400ft elevation?
One possibility is potatoes. A large percentage of the US state of Idaho's production comes from fields at 3,400 feet and above, particularly the seed potato production. Idaho is, of course, famous for its potato crop which supplies over half of the US domestic consumption.
What are the dimension of 8712 square feets?
The area doesn't tell us the dimensions. It doesn't even tell us the shape. There are an infinite number of possibilities. - One possibility is a circle with diameter = 105.32 feet . - Another possibility is a square with sides 93.34 feet long. - Another possibility is a rectangle that's 2 inches wide and 9.9 miles long. All of these have 8,712 square feet of area, and there are an infinite number of other shapes and sizes that do too.
Indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't .?
indifference curve analysis is not much in use because it only tells us that demand curve has a negative slope except when they don't ....
What was the Production Budget for The Story of Us?
The Production Budget for The Story of Us was $50,000,000.
Are dreams tryin to tell us someting?
Dreams can have underlying meaning and are generated by our subconscious. There are many theories on dreams including the possibility of a collective unconscious that can be tapped into with dreams.
