What does a production possibilities frontier illustrate?
Question:
What does a production possibilities frontier illustrate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
A Production Possibilities Frontier PPF also known as a Production Possibility Curve PPC illustrates the fundamental economic concept of opportunity c...View the full answer
Answered By
Diksha Bhasin
I have been taking online teaching classes from past 5 years, i.e.2013-2019 for students from classes 1st-10th. I also take online and home tuitions for classes 11th and 12th for subjects – Business Studies and Economics from past 3 years, i.e. from 2016-2019. I am eligible for tutoring Commerce graduates and post graduates. I am a responsible for staying in contact with my students and maintaining a high passing rate.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Suppose we can divide all the goods produced by an economy into two types: consumption goods and capital goods. Capital goods, such as machinery, equipment, and computers, are goods used to produce...
-
How does the production possibilities frontier illustrate production efficiency?
-
How does the production possibilities frontier illustrate production efficiency?
-
An object is placed on the principal axis of a concave mirror of focal length 10 cm at a distance of 80 cm from the pole. Find the position and the nature of the image.
-
1. What fraud symptoms are present in this scenario? 2. Is it possible to know from the information above that Mark is committing fraud at the credit union? 3. What is one reasonable action the...
-
Apperson and Fitz is a chain of clothing stores that caters to high school and college students. It publishes a quarterly catalog and operates a Web site that features provocatively attired males and...
-
If you wanted to establish a homeless shelter in your community, what are the decisions and choices you would have to make along the way?
-
A radioactive material of thermal conductivity k is cast as a solid sphere of radius ro and placed in a liquid bath for which the temperature T and convection coefficient h are known. Heat is...
-
If a compary decides not to irvest in Conformarnce Costs, what is likely to happen in its Nonconformance Costs? a ) They will decrease. b ) They will remain the same. c ) They will incresse. d ) They...
-
Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?
-
Explain why individuals make choices that are directly on the budget constraint, rather than inside the budget constraint or outside it.
-
What key employees did Gold recruit to be members of his new-venture team?
-
The Cantina Restaurant in Reno Nevada has just started a new restaurant in Arizona and has asked you to analyze their operation. Their latest month shows the following results: Number of meals...
-
A fellow astronaut passes by you in a spacecraft traveling at a high speed. The astronaut tells you that his craft is 22.5 m long and that the identical craft you are sitting in is 15.4 m long. (a)...
-
There are certain terms in employment contracts that are regulated under the Employment Relation ACT. Identify 5 of these terms and explain whether or not they should be regulated under the...
-
Develop the BOM based on the MRP table. (ii) How many solar-powered toy cars have to be in stock at Week 0 if no material is required to be procured? (5 marks) (iii) The materials manager made a...
-
How do you think the government will intervene when it comes to Keynesian economics? If they create more jobs and pay more, do you think that will resolve the issue or dig a deeper hole causing a...
-
Lu Corporation has the following account balances at December 31, 2012: Common Shares Subscribed ................ $ 250,000 Common SharesNo Par Value ............... 310,000 Subscriptions Receivable...
-
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
-
Why is it important to learn all of this terminology when accounting is a quantitative subject?
-
The system of using a monetary unit, such as the US dollar, to value the transaction is known as which of the following? A. Separate entity concept B. Monetary measurement concept C. Going concern...
-
Assume that you are the controller of a business that provides legal services to clients. Suppose that the company has had a tough year, so the revenues have been lagging behind, based on previous...
-
The table shows the heights of some of the tallest roller coasters in a certain area. Complete parts (a) through (c) below. Roller Coaster Height (in feet) Roller Coaster 1 455455 Roller Coaster 2...
-
A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would cause significant harm to a nearby river. The firm could spend an...
-
Bulk payrate increases happen when there is an Award increase by Fairwork (annually). NBCA pay 15% above award (as stipulated in the EA). Any increments and/or individual payrate increases are...
Study smarter with the SolutionInn App