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A historical example of a point inside the Production Possibility Curve is the U.S. economy during the Great Depression in the 1930s. At this time, high unemployment and underutilized resources meant that the economy was not producing at its full potential. This resulted in a significant gap between actual output and the maximum output that could be achieved, illustrating inefficiency and lost opportunities in resource allocation.
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Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its production possibility frontier?
How do you illustrate a production possibility frontier?
By using production possibility curve,country is producing both industrial and agricultural product using available resources, technology country operating inside production possibility curve shows the levels underdevelopment, which will be result under utilisation of resources ,poor technology. The country operating outside production possibility curve show the levels of development in economy, however, an economy can produce both industrial and agricultural using the resources available without effecting the production each . A shift from inside to outside it may be result of discovering of new resources, improved technology .
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Why can production take place on or inside the frontier?
This is known as the law of diminishing returns and can occur because factor on the frontier is deemed to be production efficient and production inside frontier.
What would have to happen to the production possibility curve for over-utilization to be possible?
For over-utilization to be possible, the production possibility curve (PPC) would need to shift outward, indicating that an economy can produce more goods and services than previously thought. This could occur through advancements in technology, increases in resources, or improvements in efficiency. Additionally, it might require operating beyond the economy's full capacity, which is typically represented by points inside the PPC. However, sustained over-utilization could lead to resource depletion and inefficiencies, ultimately pushing production back to the PPC.
Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its production possibility frontier?
How do you illustrate a production possibility frontier?
By using production possibility curve,country is producing both industrial and agricultural product using available resources, technology country operating inside production possibility curve shows the levels underdevelopment, which will be result under utilisation of resources ,poor technology. The country operating outside production possibility curve show the levels of development in economy, however, an economy can produce both industrial and agricultural using the resources available without effecting the production each . A shift from inside to outside it may be result of discovering of new resources, improved technology .
What was the Production Budget for Inside Man?
The Production Budget for Inside Man was $50,000,000.
What was the Production Budget for The Killer Inside Me?
The Production Budget for The Killer Inside Me was $13,000,000.
What was the Production Budget for Inside Job?
The Production Budget for Inside Job was $2,000,000.
What was the Production Budget for The Devil Inside?
The Production Budget for The Devil Inside was $1,000,000.
What was the Production Budget for Inside Deep Throat?
The Production Budget for Inside Deep Throat was $2,000,000.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Why can production take place on or inside the frontier?
This is known as the law of diminishing returns and can occur because factor on the frontier is deemed to be production efficient and production inside frontier.
What was the budget for Inside Job?
The Production Budget for Inside Job was $2,000,000.
What was the Production Budget for Inside Llewyn Davis?
The Production Budget for The Cotton Club was $48,000,000.
What do the letters D K you inside a box mean?
One possibility is Don't Know.
