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.
To keep creditors from discriminating against consumers based upon their gender, race, religion, national origin, marital status, age or source of income.
origin of statistics
Industrial Origin Approach?
origin and development of hire purchase
The Equal Credit Opportunity Act (ECOA) is implemented by the Federal Reserve Board through Regulation B. This regulation prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or because a recipient of public assistance. Regulation B also establishes the requirements for credit applications, notifications, and record-keeping to ensure compliance with the ECOA.
because it has increasing opportunity costs
the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier that is concave from the origin.
production possibilities curve convex to the origin. Elson Mendoza was here.
The word concave is derived from the Latin word concavus, from cavus, meaning cave.
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
Moving from left to right, the typical production possibilities curve:C)illustrates increasing opportunity costsFeedback: The typical curve is bowed out from the origin, reflecting increasing sacrifices of one good as the other is increased. This is the principle of increasing opportunity costs.
because the point of origin would be on an outer point and around it the walls seem to cave in making it seem concave, in comparison to a regular polygon. When checking for concave polygons always compare what you are looking at to a regular polygon
The ultrasound principle is this: when a high-frequency sound is produced and aimed at a target, it will be reflected by its target and the reflected sound can be detected back at its origin.
The equal opportunity Act
Oh, dude, PPC is concave to the origin because of the law of diminishing returns. As you produce more of one good, you have to give up more and more of the other good, which makes the curve bend inward. It's like when you eat too much pizza and eventually the joy of each additional slice starts to decline.
In a sense, yes. This type of reflection, in which a function is reflected over both the x and y-axes, is a possible characteristic of odd functions and is known as origin reflection, or reflection about the origin.
The PPF is bowed outwards (concave to the origin) as tradeoffs between the production of any two goods are constant.