A PPF shows us the Opportunity Cost if producing 1 good or service in return for losing another
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They can show if resources are being used effectively. If they are Producing inside the PPF resources are not being used effectively.
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It shows how effectively resources can be used to make 2 compared goods/types of goods. Each of these goods is assigned to an axis. The curve contains the points where all resources are used to their maximums, including labor, meaning full employment. If shows the quantity of how many of one good must be given up to produce more of the other good. You can see this by comparing 2 points on the curve. If apples are on the x axis, and bananas are on the y axis, and the 2 points are (10, 20) and (40, 10), then we see we can produce 30 more apples in this economy if we choose to produce 10 less bananas. This is the opportunity cost. Points under the curve show inefficiency, and points beyond are not possible to reach for long periods of time.
I'm not in econ, but it sounds like it implies how fast something can be made, dending on how steep it is, or the slope.
Nope That question was just on my quiz haha
mainly the slope of Is curve depends on ; -the slope of investment schedule -the size of the multiplier
No, the slope of a horizontal line is 0. The slope of a vertical line is undefined.
The opportunity cost would be the slope of the PPF. So the opportunity cost of the good on the x axis is in terms of the good on the y axis. This is why we would say a PPF demonstrates increasing marginal opportunity cost when it is curved outward
due to negative slope
dore's econ 2p22 eh
Nope That question was just on my quiz haha
His demeanor seemed to imply the worst. I would not imply that.
does it imply - is correct.
Implication is the noun form of "imply."
A: What does the look on his face imply?B: It implies that he doesn't like the plan.Just exactly what do you mean to imply by that?What ARE you trying to imply?Please imply elswhere.
Postmodernism is meaningless, so it can imply nothing.
Slope is a noun (a slope) and a verb (to slope).
I'm not sure what you're trying to imply by that statement.
The New Frontier.
The slope will be negative.The slope will be negative.The slope will be negative.The slope will be negative.
the 5 western frontiers are the indian frontier the farming frontier the cattle frontier the mining frontier and the buffalo frontier