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A Production Possibility Frontier (PPF) is a straight line when the opportunity cost of producing one good over another remains constant. This typically occurs when the resources used in production are perfectly adaptable to both goods, meaning that shifting resources from one product to another does not change the efficiency of their production. In such cases, the trade-offs between the two goods are linear, reflecting a consistent rate of substitution.
What else can I help you with?
Do line segments have to be straight?
Yes. If it is not straight, then it is not a line.
How do you explain straight line graphs?
it just a straight line
Are line segments only straight or can they be curved?
If it is not straight, then it is not a line.
What is antonym of a straight line?
The word straight does have an antonym, which is crooked. So perhaps a crooked line is the opposite of a straight line.
What is the length of a straight line?
The length (distance) of a straight line always changes, the angle of a straight line is 180 degrees.
What causes ppf to be a straight line?
when the oppotunity cost is a constant the PPF will be a stright line
What is the difference straight ppf and concave ppf?
If the opportunity cost is constant, the PPF is a straight line; when the opp. cost of a good rises when it is produced more, then concave.
In context to the production possibilities curve what is the largest reason for unemployment?
Operating at an inefficient point, i.e. inside the PPF and not on the edge or line of the PPF
What is the most common economic model?
line graphing
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
Do line segments have to be straight?
Yes. If it is not straight, then it is not a line.
Balance of ppf account?
When you open your PPF Account you will get a pass-book which will be updated everytime you make a transaction. These days, when you open a PPF account, the balance is available online. Check with the bank that helped you open the PPF Account. They will help you with it
What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
How do you explain straight line graphs?
it just a straight line
If a line is straight how can you tell the vertex?
A straight line has no vertex.
Are line segments only straight or can they be curved?
If it is not straight, then it is not a line.
