0
using fewer resources than the economy is capable of using.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How is underutilization depicted on a production possibilities frontier?
In economics, underutilization is depicted on a production possibilities frontier as it wastes recourses and causes shortage of that product faster than if the recourses were utilized.
Where were the point of underutilization appear on a production possibilities graph?
no
What is underutilization?
using fewer resources than an economy is capable of using
Why the production possibilities frontier graph is in curve?
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
How is underutilization depicted on a production possibilities frontier?
In economics, underutilization is depicted on a production possibilities frontier as it wastes recourses and causes shortage of that product faster than if the recourses were utilized.
Where were the point of underutilization appear on a production possibilities graph?
no
What is underutilization?
using fewer resources than an economy is capable of using
Where would a point of underutilization appear on a production possibilities?
below or to the left of the production possibilities frontier
What is under utilization of resources?
Underutilization of resources occurs when resources are not being used to their full potential, leading to inefficiency and waste. This could include unused or idle machinery, underutilized workforce, or inefficient allocation of financial resources. Addressing underutilization can improve productivity and reduce costs for an organization.
Why the production possibilities frontier graph is in curve?
the increasing costs resulting in increasingly less outputIt means underutilization of resources.
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What 16-letter word begins with un?
Unconstitutional, uncharacteristic, unapologetically, underutilization and unsatisfactorily are 16 letter words. They begin with the prefix UN.
What has the author Frank Livesey written?
Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises
What is the difference between MSc Economics and MA Economics?
what is difference between msc economics and ma economics
What is the Difference between economics and manegrial economics?
difference between economics and managerial economics
