2017年4月20日 · Concave ppc shows increasing opportunity cost Increasing opp cost is created when the production factors used within the production process are homogenous or highly job specific..this means tht a combination of productn factors used to produce a certain product cannot be efficiently used to produce another product.

Why is an indifference curve not concave to the origin? Why is PPF downward sloping and concave? 1. Why can't a Production Possibilities curve be convex? 2. Why does modern (neo-classical) economics assume that resources will always be scarce regardless of technological developments? Why are most PPFs for goods bowed outward (concave downward)?

Why is an indifference curve not concave to the origin? What are the reasons why demand curves slope down from left to right? Give three reasons why the long run market supply curve may slope upwards. Explain your reasoning. Why is economics deeply rooted in the concept of scarcity? Explain why the production possibilities frontier bows outward.

Why are most PPFs for goods bowed outward (concave downward)? Why is the labor supply curve "backward bending" or downward-sloping in this model? Explain, with reference to the assumption(s) of this model. Why is an indifference curve not concave to the origin? Why isn't the supply curve U- shaped if it represents the marginal costs to producers?

A Production Possibility Curve is a graphical representation of the two commodities that a producer produces with the given technology and resources. The shape of a PPC is mostly concave to the origin. It is also known as Production Possibility Frontier, Transformation Curve, Production Possibility Boundary, and so on. Answer and Explanation: 1

2015年9月24日 · Its always drawn as a curve and not a straight line because there a cost involved in making a choice i.e when the quantity of one good produced is higher and the quantity of the other is low. This is known as opportunity cost.

2023年11月21日 · Learn about the production possibilities frontier (PPF). See what the PPF graph represents and what causes the ppc curve to shift outward. Updated: 11/21/2023

a) diminishing; convex to the origin b) constant; straight lines c) diminishing; concave to the origin d) If an economy is experiencing unemployment, it is operating at a point A. on its production possibilities curve (PPC). B. below its PPC. C. beyond its PPC. D. at the horizontal intercept of its PPC. E. at the vertical intercept of its PPC.

If an economy is experiencing unemployment, it is operating at a point A. on its production possibilities curve (PPC). B. below its PPC. C. beyond its PPC. D. at the horizontal intercept of its PPC. E. at the vertical intercept of its PPC. A production possibilities frontier that is a downward- sloping straight line implies a) no economies of ...

If a production possibilities curve (PPC) has capital on the vertical axis and consumer goods on the horizontal axis, which of the following is true? a. There is a trade-off between emphasizing the production of capital today to benefit people today versus emphasizing the production of consumer goods today that will generate benefits in the future.