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Earn +20 ptsQ: What are possible ways to get to the unattainable points in a ppf?
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What is the ppf in pipe?
pound per foot
How to calculate CPF when i have the PPF figure?
The only way to answer your question is if there is an example, such as, if you wanted to calculate 15 precent figure, then you would have to multiply it by 1.5.
Why does a production possibilities curve have a bowed-out shape?
The PPF is bowed outwards (concave to the origin) as tradeoffs between the production of any two goods are constant.
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.
A point inside a production possibilities frontier is?
A point inside the PPF means that resources are not being used efficiently. One or more resources (Land, labor, or capital) is being waisted or not used to its potential. More of both goods could be produced than are currently being produced.
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