0
It shows a range of two product quantities that may be created from limited resources.
By Lecho648
an efficient utilization of resources
Add your answer:
Earn +20 pts
Where on a production possibilities curve an economy working below its most efficient production levels is shown?
At any point of underutilization/any point inside of the curve
How many products can be shown on a single production possibilities graph?
Only two products can be shown on a single production possibilities graph
Economic growth can be shown as a movement from a point one production possibility curve to a point on a curve located father from the origin. True or False?
TRUE
What relationship is shown by a supply curve?
What is shown by a supply curve, is the marginal cost of the company that you are considering, from the point it crosses the average costs function.
Shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
Where on a production possibilities curve an economy working below its most efficient production levels is shown?
At any point of underutilization/any point inside of the curve
How many products can be shown on a single production possibilities graph?
Only two products can be shown on a single production possibilities graph
The opportunity cost of obtaining more of one good is shown on the production possibilities frontier as the?
decrease in the quantity of the other good that must be given up.
Law of increasing opportunity costs reflected in a PPC is concave to the origin?
The Law of Increasing Opportunity Cost that is shown in a Production Possibilities Curve is concave to the origin. This is because it shows the maximum gain of two products used in production.
Economic growth can be shown as a movement from a point one production possibility curve to a point on a curve located father from the origin. True or False?
TRUE
What is shown on the x and y axes of PPF graph?
The production possibility frontier graph shows the various quantities of two products that can be produced. The two products may be shown on either axis.
What relationship is shown by a supply curve?
What is shown by a supply curve, is the marginal cost of the company that you are considering, from the point it crosses the average costs function.
Shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
Which of the following is shown by the intersection of the supply curve and the demand curve?
the equilibrium price of a good or service
How speed shown on a distance-time graph?
By the slope of the curve.
How is speed shown on a distanced-time graph?
By the slope of the curve.
How is speed shown on distance time graph?
By the slope of the curve.
