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What line that shows different production possibilities for an economy?
production possibilities frontier
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 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.
Production possibilities frontier?
Type your answer here... it shows the quantity of one goods that produced given output of other goods.
Which of the following statements best explains how using a production possibilities frontier helps setup efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs
What line that shows different production possibilities for an economy?
production possibilities frontier
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 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.
Production possibilities frontier?
Type your answer here... it shows the quantity of one goods that produced given output of other goods.
Which of the following statements best explains how using a production possibilities frontier helps setup efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs
What best explains how using a Production Possibilities Frontier PPF helps set up efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
Which best explains how using a production possibilities frontier (PPF) helps set up efficient production?
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
A point outside a production possibilities frontier is?
A point outside a PPC shows the problem of scarcity. A point outside the Production Possibility Curve shows a combination that cannot be attained because sufficient quantity of resources are not available to produce them.
Which statements best explains how using a production possibilities frontier helps set up efficient production?
Answer this question… A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
What is shown on a production possibilities frontier curve?
It shows a range of two product quantities that may be created from limited resources. By Lecho648
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
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.
