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What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
A production possibilities curve shows the relationship between the production of which two items?
any two categories of goods
What does production possibilities curve PPC shows?
It shows a range of two product quantities that may be created from limited resources. By Lecho648
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
How can the production possibilities curve illustrate opportunity cost?
It shows weather the item you are talking about is increasing or decreasing.
Is Production possibilities graphs reveal how efficient an economy is?
No, by itself it just shows the production possibilities but provides no information on what the economy is actually doing.
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
A production possibilities curve shows the relationship between the production of which two items?
any two categories of goods
What does production possibilities curve PPC shows?
It shows a range of two product quantities that may be created from limited resources. By Lecho648
Producers can use a production possibilities frontier for what purposes?
A production possibilities frontier, or PPF, is a curve graph which shows combinations of two or more goods or services. The graph shows these goods or services being produced while using a maximum amount of resources.
How can the production possibilities curve illustrate opportunity cost?
It shows weather the item you are talking about is increasing or decreasing.
How does a production possibilities curve illustrate Opportunity costs?
It shows weather the item you are talking about is increasing or decreasing.
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
How is Productive Efficiency related to the production possibilities frontier?
Understanding the production possibilities frontier allow business to see where they need additional resources to maximize production. Adding more resources expands production.
What does a production possibilities curve how?
production possibilities curve is a graphical representation of alternative combinations of amounts of two goods/services that economy can produce by transferring resources from one good/service to the other.
Production possibilities frontier?
Type your answer here... it shows the quantity of one goods that produced given output of other goods.
