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A point outside a plane might be represented as a ball held over a table what might represent a line outside a plane?
a coplanar
What does the point represent?
the point is represent location , it has no dimension and it is named using capital letter\s .
What is the ppf in pipe?
pound per foot
If the given point is inside the polygon?
Then the point is not outside the polygon...?
Which may fall outside a triangle?
A point outside the triangle may.
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
Where can an economy not produce?
Outside it's PPF.
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.
What are the three coordination tasks of any economy?
Reaching the PPF, Deciding which point on the PPF, How and how much to distribute to consumers
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.
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
A point outside a plane might be represented as a ball held over a table what might represent a line outside a plane?
a coplanar
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
When was PPF - company - created?
PPF - company - was created in 1991.
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.
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.
