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The attainable region in a production possibilities frontier (PPF) represents all the combinations of goods or services that can be produced using available resources and technology. The unattainable region represents combinations that cannot be produced given current constraints. Any point inside the PPF is efficient, while points outside the PPF are unattainable without increasing available resources or improving technology.
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Why equilibrium state attainable from either way?
because i
Why are local cattle breeds preferred for cross breeding?
Local cattle breeds are much more easily attainable than those that are not local.
If a materials composition varies from region to region it can be classified as?
if a materials composition varies from region to region it can be classified as what
Is the acromial body region inferior to the thoracic region?
Yes, the acromial region is inferior to the thoracic region. The acromial region is located on the shoulder, specifically at the lateral end of the spine of the scapula. The thoracic region refers to the chest area, which is above the shoulder region.
What is the region number of pasig?
The region number of Pasig, Philippines is part of National Capital Region or Region 4A.
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
Why are some production combinations attainable and unattainable?
the combination which lies on PPC curve IS attainable combination.
Why in a production possibilities frontier model a point inside the frontier is attainable?
A PPF is the locus of points such that all the economy's resources are used to its fullest potential. A PPF is concave to the origin because of the increasing opportunity cost to produce an additional unit of x (on the horizontal axes). A point inside the PPF is attainable because (1) there may be no full employment or (2) inspite of full employment they are used to less potential. On the contrary a point outside the PPF is not attainable because the PPF itself is the locus of the maximum attainable output given resources, the PPF may however expand due to increase in resources or their efficiency.
Why does the shape of the ppf slope downwards to the right and bulge out?
The slope of the PPF at a given point is the amount of good 'A' that would have to be sacrificed to get an additional unit of good 'B" That is the opportunity cost of getting an extra unit of good 'B' It bulges outwards (it is concave) because of the increasing opportunity cost If the slope is lineaar (straight) the opportunity cost will be constant and no sacrifice will be made. Three results can result from the PPF these are.. 1) Unattainable 2) Attainable and efficient 3) Attainable but inefficient Innefiency refers to when TB (total benefit) mines TC (tolat cost) is not maximised.
What the meaning of unattainable in microeconomics?
In microeconomics, "unattainable" refers to a situation or point on a production possibilities frontier (PPF) that cannot be achieved given the current resources and technology available to an economy. It signifies combinations of goods or services that exceed the economy's capacity to produce, highlighting the limits of resource allocation. Essentially, unattainable points illustrate the constraints faced by producers in maximizing output.
What are possible ways to get to the unattainable points in a ppf?
To reach unattainable points on a production possibility frontier (PPF), a country or entity can focus on improving efficiency through technological advancements, which can increase output without additional resource investment. Additionally, investing in human capital and education can enhance worker productivity, allowing more effective use of existing resources. Furthermore, reallocating resources from less productive sectors to more productive ones can help push the frontier outward, moving closer to unattainable points. Lastly, engaging in trade can allow access to goods and services that were previously out of reach.
How does the Production Possibility Frontier illustrate scarcity?
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.
Which point would be in the unattainable area of the diagram Ceteris Paribus?
In a typical production possibilities frontier (PPF) diagram, points in the unattainable area lie beyond the curve, representing combinations of goods that cannot be produced given current resources and technology. These points are not feasible under the assumption of ceteris paribus, which means all other factors are held constant. Therefore, any point that requires more resources or technology than what is available would be considered unattainable.
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
What economic concepts are shown by the PPF?
The Production Possibility Frontier (PPF) illustrates several key economic concepts, including opportunity cost, efficiency, and trade-offs. It shows the maximum possible production levels of two goods, highlighting how resources must be allocated between them. Points on the curve represent efficient production, while points inside indicate inefficiency, and points outside are unattainable with current resources. The slope of the PPF reflects the opportunity cost of shifting resources from one good to another.
What is the Antonym of feasible?
Synonyms: achievable, attainable, doable, feasible, practicable, realizable, possible, workableAntonyms: hopeless, impossible, impracticable, infeasible, nonviable, unattainable, undoable, unfeasible, unrealizable, unviable, unworkable
