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What causes movement along a production possibilities curve?
Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph.
Derivation of demand curve using the indifference curve approach?
The derivation of an individual consumer demand curve can be done using the indifference curve approach. This is done by preparing the demand schedule of a consumer from the price consumption curve.
What is a firm's short run supply curve?
A perfectly competitive firm's supply curve is that portion of its marginal cost curve that lies above the minimum of the average variable cost curve.
What hockey stick curve best matches a fedorov curve?
easton's zetterburg
What is the difference between a breaking ball and a curve ball?
A curveball falls under the general category of "breaking ball". A "breaking ball" refers to any pitch that is thrown with movement (i.e. a curveball, slider, sinker, etc.").
What causes movement along a production possibilities curve?
Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph.
A country that must reduce current consumption to increase future consumption possibilities?
must be producing along the production possibilities curve.
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 the United States on the production possibilities curve?
no
How does production possibilities curve differ from production possibilities frontier?
the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.
What would cause a movement along the supply curve for oil?
A movement along the supply curve for oil typically occurs due to changes in the price of oil itself. If the price of oil increases, suppliers are incentivized to produce and sell more, resulting in a movement up the supply curve. Conversely, if the price decreases, suppliers may reduce production, leading to a movement down the supply curve. Other factors, such as production costs or technological changes, can shift the entire supply curve but do not cause movement along it.
Is the outward curve of the production possibilities curve good or bad?
it really good
Is the production possibilities curve convex to the origin?
yes
How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
Movement along a demand curve?
explain graphically the movement along the demand curve
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
