The trend of a graph is the slope of any line on the graph that indicated a positive or growth factor and/or a negative or decaying factor. If the slope goes negative, the graph's line will go down thus indicating decay. If the slope becomes positive, the graph's line will go up thus indicating growth.
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Point A. APEX
A line that is decreasing Apex
the most rapid rate of growth occurred befor
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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.
The effect of increased resources in a production possibility frontier, or PPF, is an imbalance in the graph. Since a PPF is created based on set production factors, the results of the graph would be skewed with an increase in resources unless other production factors were increased accordingly.
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 production possibilities frontier graph
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
The PPF graph is a bowed out curve. The x-axis being quantity produced of one product/service and the y-axis being another quantity produced of a product/service. Any point on the curve is productive efficiency. Outside of the curve is unattainable and inside of the curve is inefficient.
Linear growth means that the graph is a straight line.
In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA In economics, the production possibility frontier (the PPF, also called the production possibilities curve (PPC) or the "transformation curve") is a graph that depicts the trade-off between any two items produced. It indicates the opportunity cost of increasing one item's production in terms of the units of the other forgone. ( hope you can build on this) -- BY ASMA
Opportunity cost is the amount you might lose if you do not take the opportunity. You can write out the graph or find examples online.
a production possibilities frontier graph
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