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because all factors of production cannot be equally efficiently be used to produce one product than the other...
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Assume that a change in government policy results in greater production of both consumer goods and investment goods?
this economy's ppc is convex to the origin
Why isoquants convex to the origin?
law of diminishing returns
Is the production possibilities curve convex to the origin?
yes
What are characteristics of an indifference curve?
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
What impact does unemployment has on production possible curve?
Unemployment itself is one of the factors as to why the Production Possibility Curve (PPC) is what it is - a frontier where production cannot occur outside of. If unemployment increased, you would see decreases of the the PPC at any given point, that is, closer to the origin.
Assume that a change in government policy results in greater production of both consumer goods and investment goods?
this economy's ppc is convex to the origin
Why isoquants convex to the origin?
law of diminishing returns
Is the production possibilities curve convex to the origin?
yes
How does PPC graph of unemployment looks like?
There is no shift in the PPC.Only a dot is marked within the curve(Not on the curve) in the exact center of the two axes.The shape of the PPC is concave to the origin.
What are characteristics of an indifference curve?
indifferent curves are convex to their origin, they do not intersect, and have a negative slope
What does ppc on gold jewelry mean?
PPC is a makers mark, identifying who made the item. I have not been able to identify the maker it is used by, though, and would require further info on the origin of the piece in question to learn more. PPC stands for Princess Pride Creations out of Chicago, IL.
What is 'ppc' trademark printed on the jewerlry means?
PPC is a makers mark, identifying who made the item. I have not been able to identify the maker it is used by, though, and would require further info on the origin of the piece in question to learn more. PPC stands for Princess Pride Creations out of Chicago, IL.
What impact does unemployment has on production possible curve?
Unemployment itself is one of the factors as to why the Production Possibility Curve (PPC) is what it is - a frontier where production cannot occur outside of. If unemployment increased, you would see decreases of the the PPC at any given point, that is, closer to the origin.
Law of increasing opportunity costs reflected in a PPC is concave to the origin?
The Law of Increasing Opportunity Cost that is shown in a Production Possibilities Curve is concave to the origin. This is because it shows the maximum gain of two products used in production.
When was PPC worldwide created?
PPC worldwide was created in 1942.
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.
