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How does the production possibility graph show growth efficiency and cost?
Felanito
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∙ 10y ago
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What is the trend of a graph?
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.
Where is the growth rate slowing down in the graph shown above?
point C
Where is exponential growth happening in the graph shown above Apex?
Point A. APEX
Which is the most valid conclusion based on the graph?
the most rapid rate of growth occurred befor
What would a graph of oxygen production look like for the forested area?
A line that is decreasing Apex
How do you do a production possibility curve graph?
I think this site in the Related Link below will help.
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.
What effect does it make if resources increase in Production Possibilty Frontier?
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.
What is shown on the x and y axes of PPF graph?
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.
What tool helps a producer set up an efficient system of production?
a production possibilities frontier graph
What is a production possibilities graph?
production possibilities graph is a graph that shows alternative ways to use an economy's resources.
How do you Illustrate on Production Possibility Frontier diagram?
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.
How can you tell if a graph is an example of linear growth?
Linear growth means that the graph is a straight line.
Illustrate on Production Possibility Frontier diagram if the economy experiences a technological boom?
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
What tool helps producers set up an efficient system of production?
a production possibilities frontier graph
Explain with the help of production possibility diagram the concept of opportunity cost?
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.
Is there a graph for economic growth?
yes
