micheledelperc4823 micheledelperc4823
  • 14-01-2020
  • Business
contestada

Economists typically depict the ppf as a bowed out curve rather than as a straight line in order to show that_________.

Respuesta :

dvynnjoku dvynnjoku
  • 14-01-2020

Answer:

Economists typically depict the PPF as a bowed-out curve rather than as a straight line in order to show that the opportunity cost of producing one good rises as more goods are produced. Those points lying beyond the production possibility frontier (PPF) represent results which cannot be attained with the current level of technology and resources.

Answer Link

Otras preguntas

Solve by the linear combination method. 8x + 2y = 4 –4x + 3y = –10
How does Madison justify his concerns about the problem of factions?
Which view maintains that mental states just are states of the brain and central nervous system?
Find the coordinates of the midpoint of S(5,-8),T(10,18)
at what temperature did water freeze on earth 1 billion years ago
What two languages stand as language families on their own
Please help! (The third one is not supposed to be selected)
Which of the following statements about Chaucer is NOT true? Chaucer served in the military. Chaucer was a civil servant. Chaucer made shoes. Chaucer was a
The upper quartile for the data set given below is. 14, 8, 23, 9, 11, 27, 22, 3, 17, 12, 29
Please help!! I need my answer checked! A scientist is trying to determine whether the use of hair dye contributes to brain cancer. For his study, he compares t