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What the meaning of unattainable in microeconomics?

In microeconomics, "unattainable" refers to a situation or point on a production possibilities frontier (PPF) that cannot be achieved given the current resources and technology available to an economy. It signifies combinations of goods or services that exceed the economy's capacity to produce, highlighting the limits of resource allocation. Essentially, unattainable points illustrate the constraints faced by producers in maximizing output.


What describes a situation in which the price of good would rise?

Producers cannot make enough of a good when that good becomes popular suddenly. Scarce Natural Resources make it more difficult for producers to keep up with demand.Scarce natural resources make it more difficult for producers to keep up with demand.A new technology allows producers to increase supply very quickly.


What do economist call the things that firms sell wich cannot be touched or seen?

Economists call the things that firms sell which cannot be touched or seen goods and services.


A situation that occurs when a producer cannot offer a particular good or service at the current price?

shortage


Why are services typically more?

Services are typically more challenging to price than goods because they are intangible, variable, and perishable. Unlike physical products, services cannot be seen, touched, or owned, making it difficult for consumers to assess their value before purchase. Additionally, the quality and delivery of services can vary significantly depending on factors like the provider and customer interaction, leading to inconsistencies in pricing. Finally, services cannot be stored or inventoried, which adds complexity to pricing strategies and demand management.

Related Questions

Differentiate producers from consumers?

You can differentiate between producers and consumers by understanding that producers make their own food. Consumers cannot do that.


What gas do producers make that we cannot live without?

Most producers make oxygen during photosynthesis.


What is the value of producers in the ecosystem?

Without producers energy cannot be taken from the sun and be made into glucose for the rest of the animal kingdom to eat


What happens when a solar cell cannot supply enough current to a circuit?

the circuit might not operate properly. but shouldn't effect the circuits them self.


Are herbs producers?

Sorry, you need to have more, i cannot tell what you are asking!


Who should direct expendables 3?

The producers will make this decision, we cannot.


What can you do if you have been neglected by both of your parents and cannot attend school because of it?

Seriously, phone child services, whatever happens is better than, living with it.


What the meaning of unattainable in microeconomics?

In microeconomics, "unattainable" refers to a situation or point on a production possibilities frontier (PPF) that cannot be achieved given the current resources and technology available to an economy. It signifies combinations of goods or services that exceed the economy's capacity to produce, highlighting the limits of resource allocation. Essentially, unattainable points illustrate the constraints faced by producers in maximizing output.


What happens to your child if you are charged with possession?

If the police feel that you cannot care for the child they may be put in the hands of another family member or child protective services.


What happens when current reaches a insulator?

When current reaches an insulator, the electrons cannot flow through the material because insulators have high resistance to the flow of electricity. This can lead to a buildup of charge on the surface of the insulator.


What do producers do that other living things cannot do?

Decomposition By: Gerardo G9 H.S.


What happens to the current of R1 connected in series with R2 when it is also connected in parallel with R3?

The current, if connected to a voltage source that can supply the needed current to (R1+R2) R3, will be unchanged. If the source cannot supply the needed current, the terminal voltage will decrease, which will change the current flowing through R1 and R2.