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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 does mean convex to the origin?
A set is said to be convex with respect to the origin if the line segment between any two points in the set lies entirely within the set. In simpler terms, for any two points within the set, all the points on the line joining them are also within the set.
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.
If the law of increasing opportunity costs is reflected in a production possibilities curve which is?
production possibilities curve convex to the origin. Elson Mendoza was here.
Is a ploygon convex or not convex?
a polygon is convex
