as in production possibility curve compares production rates of two commodities, this compares prices of different commodities.
production possibility frontier shift leftward
With the introduction of new technology and new resources will shift the production possibility frontier.
production possibility curve
Production Possibility Frontier.
quantities of productive inputs
production possibility frontier shift leftward
With the introduction of new technology and new resources will shift the production possibility frontier.
production possibility curve
Production Possibility Frontier.
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
quantities of productive inputs
other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
under what conditions an econoy would be operating inside its production possibility frontier?
an important concept of production possibility frontier is when you bang your head and think again if you should be using the net instead of roaming the libraries.. this question is and idiotic one... f*ck you!
beat the battle frontier!
production possibility frontier