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What is the difference between straight line production possibility curve and a bowed out production possibility curve?
When a prod poss curve is a straight line, usually it is an exception, this means that as you produce more of one thing you constantly give up the same proportion of another thing as the scenario would be that the factors of production are 100% mobile. With a bowed out prod poss curve, usually called normal, the situation would be that as you produce more of product A you give up alot of B but eventually the rate of substitution begins to decline due to lack in factor efficiency and so the curve becomes less elasstic. Hope this answeres your question. all the best,
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The ppf is a straight line as aresult of?
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.
Is there a difference between a line and a straight angle?
yes a straight angle is a 180 degree angle and a line is just a straight line
What is the difference between a zero angle and a straight angle?
A straight angle is pi radians (180 degrees) so the difference is pi radians.
What is the difference between a straight line and a line?
A straight line is the shortest distance between two points, a line is the delineation of a connection between two or more points.
What is difference between a straight line and a curved line?
a straight line is mainly x2 a curved line is mainly x3
The difference between a tanget and a straight line?
its difference
Difference between operation management and production management with examples?
the difference between production management and operation management?
What is the difference between straight and gay couples?
The difference between straight and gay partners is their gender attraction. Straight people are attracted the opposite gender for their partners, whereas gay people are attracted to their own gender.
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Would the production possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
What is the difference between a straight and an inlet?
an inlet has a closed end a straight is open both ends
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Did you know Difference between atomic power production and nuclear power production?
There is none.
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
What are the advantages and disadvantages of representing a relationship between variables in a table?
The advantage is being given a straight answer, but in a graph it doesn't give you a straight answer, because there is a possibility of data being in between the plotted points.
Difference between production and manufacturing?
difference between production company and manufacturing company
