answersLogoWhite

0

Alternative ways to use an economy's resources.

Compares two goods and shows the opportunity costs for making each good.

The maximum quantities of two (or more) products that can be produced using the available limited inputs.

User Avatar

Wiki User

9y ago

What else can I help you with?

Related Questions

Production possibilities frontiers curve when they are charted on a graph because they show?

the increasing costs resulting in increasingly less output


How does production possibilities curve differ from production possibilities frontier?

the possibility production curve show production that can be produces using minimum resources whereas the possibilty productive frointer show the attainable levls of production.


What does each point on a production possibilities curve show?

an efficient utilization of resources


What is purpose of a production possibilities graph?

to show alternative ways to use an economy's resources


To show Full Employment on a Production Possibilities Curve you indicate what?

Full employment exists at every point on the production possibility curve. Which can be indicated with Y(f).


What kind of curve does the graph show?

depends what graph....


What economic data does a production possibilities curve bring together?

Total value of 4 factors of production including:LandLaborCapitalEnterprizeThe PPC curve adds all these factor ups and create a curve show the possible optimum level of production for 2 competing goods.


When charted on a graph production possibilities frontiers tend to curve because they show .?

Production possibilities frontiers (PPFs) tend to curve because they illustrate the concept of increasing opportunity costs. As production of one good increases, resources must be reallocated from the production of another good, leading to less efficient use of those resources. This results in a bowed-out shape, reflecting that the trade-off between the two goods is not constant. Consequently, the more of one good produced, the greater the amount of the other good that must be sacrificed.


Show you curve graph?

i need a graph of some sort for a essay


What does a population graph with an S-curve show?

Logistic growth


What does each point on a production possibilities curve represent show?

Each point on a production possibilities curve (PPC) represents a different combination of two goods or services that an economy can produce using its available resources and technology. Points on the curve indicate efficient production levels, where resources are fully utilized. Points inside the curve reflect inefficiency or underutilization of resources, while points outside the curve are unattainable with current resources. The PPC illustrates trade-offs and opportunity costs, highlighting the choices an economy faces in allocating its resources.


What production possibilities curve shows the relationship between the production of which two items?

A production possibilities curve (PPC) typically illustrates the trade-off between the production of two goods or services, such as consumer goods and capital goods. It depicts the maximum output combinations that can be produced given limited resources. For example, the curve may show the trade-off between producing cars and computers, highlighting how increasing the production of one good requires reducing the production of the other. This visualization helps to understand opportunity costs and resource allocation in an economy.