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How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?
Wiki User
∙ 16y ago
How would a production possibility frontier would be effected by a reduction in the standard number of hours worked?
Wiki User
∙ 16y ago
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Why is the north pole considered the last frontier?
Actually, space is considered the last frontier, or the "final frontier" if your into Star Trek.
What does the word frontier mean?
A Frontier is a part of a country that borders another country.
What word means nearly the same as boundary?
border, frontier, edge, limit, perimeterif you mean that word is BOUNDARY......... this is its synonym: border, frontier, borderline
The Eastern Frontier's leading industrial region is the?
Ontario
What is the best title for the map?
shifting frontier of the united state
What is the effect of war on a production possibility frontier?
production possibility frontier shift leftward
What are other names of production possibility frontier?
production possibility curve
How can you reach beyond the production possibility frontier?
With the introduction of new technology and new resources will shift the production possibility frontier.
What are the other names for production possibility curve?
other names for production possibility curve are: production possibility boundary production possibility frontier transformation curve.
What are the other names for production possibility boundary?
other names for production possibility boundary are: production possibility curve production possibility frontier transformation curve.
What does PPF stand for in economics?
Production Possibility Frontier.
Under what conditions is the production possibilities frontier linear?
under what conditions an econoy would be operating inside its production possibility frontier?
What is trading possibility frontier?
as in production possibility curve compares production rates of two commodities, this compares prices of different commodities.
What best states the purpose of using a production possibility frontier?
Setting up efficient production
What the axes of the production possibility frontier measure?
quantities of productive inputs
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
What is the Production Possibility Frontier for Nigeria?
Production possibility curve refers to the maximum output combination which a firm can produce when it productive resources are fully utilised
