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.
PPC stands for Production Possibility Curve.
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.
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.
PPC is nothing but providing the better understandment of trade offs by an individual or society, it also referred as production possibilities frontier.
Ability.
What they saw was the parachutist
The homonym for the word "bowed" is "bode".
The word "bowed" is a homophone for "bode."
What to do if your horse has a bowed tendon? Answer: All of these
Bowed tendons are located on the back of the cannon bone.
Specific gravity of ppc is 3.15
Ppc Racing was created in 1993.
Ppc Racing ended in 2007.
PPC worldwide was created in 1942.
PPC Journal was created in 1974.
You can find more information on ppc at: http://www.wordstream.com/free-ppc-tools-information
PPC stands for Production Possibility Curve.