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hey-- its the law of increasing costs. as you make one thing, your opportunity cost increases because you cannot make the other. therefore, the more of one thing you make, the larger the cost will be because you cannot make the other. therefore, the shape of the production possibilities curve is bowed out.
What else can I help you with?
What does PPC stand for in economics?
PPC stands for Production Possibility Curve.
How does the Production Possibility Frontier illustrate scarcity?
Scarcity, on a PPC (PPF) is implied by the bowed (concave-down) shape of the curve, since there is a restriction on how much can be produced and, to get more of something, one must give away something else.
What is the typical production possibilities curve?
The typical production possibilities curve (PPC) illustrates the maximum output combinations of two goods that an economy can achieve given its resources and technology. The curve is usually bowed outward, reflecting increasing opportunity costs; as production of one good increases, more and more resources are required, leading to a greater sacrifice of the other good. Points on the curve represent efficient production, while points inside indicate inefficiency, and points outside are unattainable with current resources. The PPC can shift outward with economic growth or improvements in technology.
What is ppc curve in micro economics?
PPC is nothing but providing the better understandment of trade offs by an individual or society, it also referred as production possibilities frontier.
E to B is an improvement of what in PPC graph?
Ability.
What bowed and sank and bowed again in Lord of the Flies?
What they saw was the parachutist
What is the homonym for the word bowed?
The homonym for the word "bowed" is "bode".
What is the homophone for the word bode?
The word "bowed" is a homophone for "bode."
What to do if your horse has a bowed tendon on Howrse?
What to do if your horse has a bowed tendon? Answer: All of these
Where is the location of bowed tendons in a horse?
Bowed tendons are located on the back of the cannon bone.
What is the Specific gravity of ppc?
Specific gravity of ppc is 3.15
When was Ppc Racing created?
Ppc Racing was created in 1993.
When did Ppc Racing end?
Ppc Racing ended in 2007.
When was PPC worldwide created?
PPC worldwide was created in 1942.
When was PPC Journal created?
PPC Journal was created in 1974.
Where can I find more information on ppc?
You can find more information on ppc at: http://www.wordstream.com/free-ppc-tools-information
What does PPC stand for in economics?
PPC stands for Production Possibility Curve.
