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Why does the production possibility frontier has negative slope?
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Is the slope of production possibility frontier always varying?
Nope That question was just on my quiz haha
What does the production possibilities curve describes?
The production possibility curve is an analytical tool that is u to explain,analyse and justify the problem as regards the choices in the allocation of productive resources to achieve a given level of output in an hypothetical way. It is based on a short run period is production where some factors are held constant and the otthers can be varied to achieve a given level of output. The production possibility curve explains the rate of transformation between commodity (x and y) when the level of productive resources is given.the slope of the curve is concave to the origin and it touches both axis. The production possibility curve is also called production frontier or production boundary.
Where is opportunity cost on a production possibility frontier?
The opportunity cost would be the slope of the PPF. So the opportunity cost of the good on the x axis is in terms of the good on the y axis. This is why we would say a PPF demonstrates increasing marginal opportunity cost when it is curved outward
Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
Which direction does the demand curve slope?
Is always negative. (should be in all caps for emphasis)
Is the slope of production possibility frontier always varying?
Nope That question was just on my quiz haha
What does the production possibilities curve describes?
The production possibility curve is an analytical tool that is u to explain,analyse and justify the problem as regards the choices in the allocation of productive resources to achieve a given level of output in an hypothetical way. It is based on a short run period is production where some factors are held constant and the otthers can be varied to achieve a given level of output. The production possibility curve explains the rate of transformation between commodity (x and y) when the level of productive resources is given.the slope of the curve is concave to the origin and it touches both axis. The production possibility curve is also called production frontier or production boundary.
Where is opportunity cost on a production possibility frontier?
The opportunity cost would be the slope of the PPF. So the opportunity cost of the good on the x axis is in terms of the good on the y axis. This is why we would say a PPF demonstrates increasing marginal opportunity cost when it is curved outward
What can you say about a slope a regression line for variables that are negatively associated?
The slope will be negative.The slope will be negative.The slope will be negative.The slope will be negative.
For a negative slope the rise is and the run is positive?
For a negative slope, the rise is negative and the run is positive.
If one slope is -1 what is the slope of the perpendicular slope?
The slope of the perpendicular is the negative reciprocal of the slope of a line. In this case, - (1 / -1) = 1.The slope of the perpendicular is the negative reciprocal of the slope of a line. In this case, - (1 / -1) = 1.The slope of the perpendicular is the negative reciprocal of the slope of a line. In this case, - (1 / -1) = 1.The slope of the perpendicular is the negative reciprocal of the slope of a line. In this case, - (1 / -1) = 1.
Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
How do you know when the slope of a line is negative?
You know when the slope of a line is negative when m in the slope-intercept form equation y=mx+b is negative. For example, y=-3x+2 has a negative slope since m (which is -3 in this case) is negative. This is the same when finding a positive slope, because if m is positive, then the slope is positive.
What is the difference between positve and negative correlation?
Positive correlation has a positive slope and negative correlation has a negative slope.
What are four types of slope?
positive slope negative slope zero slope undefined
What does it mean for a line to have a negative slope?
If a line has a negative slope it is going 'down hill' and if it has a positive slope it is going 'up hill'
What is negaitve slope?
You're familiar with the xy-plane. A line with negative slope is one that goes down toward the right. A curve has a negative slope at a point if the tangent line to the curve at that point has a negative slope.
