other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
Importance of production possibility curve in allocation resources
It is an unreachable possibility.
production possibility curve
Production Possibility Curve this is an image of a ppf/ ppc
other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
Importance of production possibility curve in allocation resources
Yes, they do.
Point F violates the assumption of the production-possibility curve that resources and technology are not fixed. The curve is sometimes referred to as the productionâ??possibility frontier.
It is an unreachable possibility.
production possibility curve
Production Possibility Curve this is an image of a ppf/ ppc
In economics when the product possibility curve moves left it shows in decrease in production possibility. Why? try to figure it out, it helps in understanding. Peace out.
it can not
PPC curve slopes downward for the efficient resouress of another commidty
Diminishing Marginal returns to capital and labor.