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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.
What are the attainable region and unattainable region in the ppf?
The attainable region in a production possibilities frontier (PPF) represents all the combinations of goods or services that can be produced using available resources and technology. The unattainable region represents combinations that cannot be produced given current constraints. Any point inside the PPF is efficient, while points outside the PPF are unattainable without increasing available resources or improving technology.
What does Production Possibilities Frontier represent?
it represents the boundary between the goods that are attainable and unattainable within an economy. Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity
How can you open a PPF account with Corporation bank?
Respected sir, i want a ppf account in u r bank. if its possible plz. mail me. my email id - psudhir2008@rediffmail.com
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
Why in a production possibilities frontier model a point inside the frontier is attainable?
A PPF is the locus of points such that all the economy's resources are used to its fullest potential. A PPF is concave to the origin because of the increasing opportunity cost to produce an additional unit of x (on the horizontal axes). A point inside the PPF is attainable because (1) there may be no full employment or (2) inspite of full employment they are used to less potential. On the contrary a point outside the PPF is not attainable because the PPF itself is the locus of the maximum attainable output given resources, the PPF may however expand due to increase in resources or their efficiency.
How is efficiency attained in the ppf?
Efficiency on a production possibility frontier (PPF) occurs when resources are allocated to their most productive use. This means that all available resources are utilized fully and there is no waste. Any point on the PPF represents an efficient allocation of resources because it shows the maximum possible output that can be produced with the given resources.
Why does the shape of the ppf slope downwards to the right and bulge out?
The slope of the PPF at a given point is the amount of good 'A' that would have to be sacrificed to get an additional unit of good 'B" That is the opportunity cost of getting an extra unit of good 'B' It bulges outwards (it is concave) because of the increasing opportunity cost If the slope is lineaar (straight) the opportunity cost will be constant and no sacrifice will be made. Three results can result from the PPF these are.. 1) Unattainable 2) Attainable and efficient 3) Attainable but inefficient Innefiency refers to when TB (total benefit) mines TC (tolat cost) is not maximised.
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 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.
What does inefficiency inside the PPF curve mean?
Inefficiency inside the PPF curve means that resources are not being fully utilized in the economy. This could be due to factors such as unemployment or underutilization of technology, resulting in less than optimal production levels. Inefficiency inside the PPF curve indicates that it is possible to produce more of one good without sacrificing the production of another.
What causes ppf to be a straight line?
when the oppotunity cost is a constant the PPF will be a stright line
