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The production possibility curve (PPC) is a two dimensional model, showing how resources can be used to produce two different goods or services or types of good and services.
The graph is bowed outwards due to a basic concept used in economics - the principle of increasing cost. If a producer were to produce more of one good or service, the constant in resources and technology would not be able to maintain the previous amount of production of the other good or service.
If more of one good or service is produced, the opportunity cost of the reduction of the other good or service increases, therefore the gradient of the curve increases.
What else can I help you with?
What is the math shape when it looks like a bow?
It could be a Gaussian curve (Normal distribution) rotated through a right angle.It could be a Gaussian curve (Normal distribution) rotated through a right angle.It could be a Gaussian curve (Normal distribution) rotated through a right angle.It could be a Gaussian curve (Normal distribution) rotated through a right angle.
What does the Lorenz Curve suggest about the distribution of income in the unites states?
The Lorenz Curve illustrates the distribution of income in the United States by plotting the cumulative share of income received by the cumulative share of the population. A curve that is closer to the diagonal line indicates a more equitable income distribution, while a curve that bows significantly away from the diagonal suggests greater inequality. In the U.S., the Lorenz Curve shows a pronounced bow, highlighting a significant disparity where a small percentage of the population holds a large share of total income. This indicates a growing income inequality trend over recent decades.
What is a concave ear?
u like candy bow bow bow bow bow i like candy
Can you give me compound words starting with the word bow?
bowline bow tie
What type of bow has straight limbs that form an arc when strung?
Traditional Long Bow
What type of bow has limbs that curve back away from the belly of the bow?
A recurved bow.
Which type of bow has limbs that curve away from the belly of the bow?
Longbow
What are synonyms for bow?
arch, bend, curtsy, curve
What is another word for bend over?
bow, curve :):)
What is another word for 'legs that curve out'?
Bow legged
What is the difference between a re-curve bow a cross bow and a compound bow?
recurves a taller crossbows are like a gun compound is a mix
What does it mean when you have a deep Cupid's bow?
It means the double curve of the upper lip when considered to resemble Cupid's bow.
Why is it called the bow?
The term "bow" likely comes from the curved shape of the weapon resembling the curve of a bow (as in a bow and arrow). This term has been used for centuries to describe the weapon.
Why does an arrow shot from a bow soon start to curve downward?
Gravity
How does a recurve work?
if you are asking about a re-curve bow: When strung and held properly, the bow curves towards the holder then, at the top and bottom, the bow has a sharp bend away, towards the target. When unstrung, the bow is bent entirely towards the target, which leads many people to improperly string, and sometimes break re-curve bows. This design gives the bowstring more tension which in turn gives the arrow more force. Sorry if you were asking about something other than a re-curve bow.
Can a 62 re-curve bow kill a deer?
you shouldn't be trying to kill a deer!
What is 'cuan' when translated from Irish Gaelic to English?
A harbour or haven. Also a bow or a curve.
