0
A PPF shows us the Opportunity Cost if producing 1 good or service in return for losing another
<><>
They can show if resources are being used effectively. If they are Producing inside the PPF resources are not being used effectively.
<><>
It shows how effectively resources can be used to make 2 compared goods/types of goods. Each of these goods is assigned to an axis. The curve contains the points where all resources are used to their maximums, including labor, meaning full employment. If shows the quantity of how many of one good must be given up to produce more of the other good. You can see this by comparing 2 points on the curve. If apples are on the x axis, and bananas are on the y axis, and the 2 points are (10, 20) and (40, 10), then we see we can produce 30 more apples in this economy if we choose to produce 10 less bananas. This is the opportunity cost. Points under the curve show inefficiency, and points beyond are not possible to reach for long periods of time.
What else can I help you with?
Is the slope of production possibility frontier always varying?
Nope That question was just on my quiz haha
Why does the production possibility frontier has negative slope?
The production possibility frontier (PPF) has a negative slope because it illustrates the trade-offs between two goods or services that an economy can produce with limited resources. As production of one good increases, resources must be reallocated from the production of the other good, leading to a decrease in its output. This reflects the principle of opportunity cost, where producing more of one item comes at the expense of producing less of another. Thus, the negative slope signifies the inverse relationship between the quantities of two goods produced.
A horizontal line has an undefined slope?
No, the slope of a horizontal line is 0. The slope of a vertical line is undefined.
What determines the slope of IS Curve?
mainly the slope of Is curve depends on ; -the slope of investment schedule -the size of the multiplier
Where is opportunity cost on a production possibility frontier?
The opportunity cost would be the slope of the PPF. So the opportunity cost of the good on the x axis is in terms of the good on the y axis. This is why we would say a PPF demonstrates increasing marginal opportunity cost when it is curved outward
What does the imply of flat money demand for the slope of IS curve?
dore's econ 2p22 eh
Is the slope of production possibility frontier always varying?
Nope That question was just on my quiz haha
What is a sentence with imply?
His demeanor seemed to imply the worst. I would not imply that.
Is it correct to write does it imply or does it implies?
The correct form is "does it imply", as "imply" is the base form of the verb and is used with the auxiliary verb "does" in interrogative sentences.
What is the less steep the cost slope of an activity?
A less steep cost slope of an activity indicates that the cost increases gradually rather than sharply as the level of activity rises. This typically suggests that the activity is more efficient, with lower marginal costs associated with increased output. In contrast, a steep cost slope would imply higher costs as production scales up, potentially reflecting diminishing returns or inefficiencies. Such a gradual slope may also encourage greater production or investment in the activity.
What is the noun of imply?
Implication is the noun form of "imply."
Would you please use imply in a sentence?
A: What does the look on his face imply?B: It implies that he doesn't like the plan.Just exactly what do you mean to imply by that?What ARE you trying to imply?Please imply elswhere.
What is t prefix of the word imply?
The prefix of the word imply is IM it means not or non(:
What part of speech is slope?
Slope is a noun (a slope) and a verb (to slope).
What were kennedys policies called?
The New Frontier.
What are the 5 American frontiers?
the 5 western frontiers are the indian frontier the farming frontier the cattle frontier the mining frontier and the buffalo frontier
What can you say about a slope a regression line for variables that are negatively associated?
The slope will be negative.The slope will be negative.The slope will be negative.The slope will be negative.
