Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Microeconomics
Production Possibility Frontier (PPF)
Why do the production possibility frontier curve slopes downward and why it could be a line?
1 answer
Think it through. If you understand what a ppf curve represents, then aha, it must be downward sloping. What condition(s) must be true if the ppf is a straight line?
You can
ask a new question
or
answer this question
.
Related Questions
Linear approximation:
Consider the curve defined by -8x^2 + 5xy + y^3 = -149 a. find dy/dx b. write an equation for the tangent
The point (1,0) lies on the curve y=sin(10π/x).
A) if Q is the point (x,sin(10π/x), find the slope of the secant line PQ.
a curve is such that dy/dx=4x+7. the line y=2x meets the curve at point 'P'. Given that the gradient of the curve at P is 5.
An 80% learning curve has been observed for the production of the MEERKAT system. If the 5th production unit''s recurring cost
1. A country's consumption possibilities frontier can be outside its production
possibilities frontier if a. the country engages
What is true about the slope of the line segment between points G and H and the slope of the line segment between points H and
1....is a curve that shows the various possible combinations of goods and services that the society can produce given its
Why is the production possibility frontier downward sloping?
What line on a production possibilities curve shows the amounts of goods produced?
A. production possibilities frontier B.
A monopoly:
Question 22 options: A) faces the market demand curve which is downward sloping. B) has a marginal revenue curve