Examples of 'production possibilities frontier' in a sentence
Meaning of "production possibilities frontier"
Production possibilities frontier: In economics, this phrase refers to a graph or model that demonstrates the different combinations of two goods that can be produced given a fixed level of resources and technology. It illustrates the trade-offs a society faces when allocating resources between the production of two goods
How to use "production possibilities frontier" in a sentence
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production possibilities frontier
Graphically show the production possibilities frontier.
Production possibilities frontier can be determined by four principles.
The slope of a production possibilities frontier.
Production Possibilities Frontier after one day.
The points outside the production possibilities frontier are.
A production possibilities frontier curve.
And this is the analog to the production possibilities frontier.
Graph the production possibilities frontier for this economy.
And we are going to assume he has a linear Production Possibilities Frontier.
Only if the production possibilities frontier shifts rightward.
So that will actually change the Production Possibilities Frontier.
The production possibilities frontier is a graph that shows the various combinations.
Try to use the same kind of production possibilities frontier and.
Draw a production possibilities frontier for a society that produces food and clothing.
But it could be anywhere along this Production Possibilities Frontier.
See also
Use a production possibilities frontier to illustrate society 's tradeoff between a clean environment and high incomes.
That 's true of any point on the production possibilities frontier.
Use a production possibilities frontier to describe the idea of “ efficiency ”.
If technology changes in an economy, the production possibilities frontier changes accordingly.
These are all points on you as a hunter-gatherer, on your production possibilities frontier.
Outside the production possibilities frontier.
This concept is similar to an economy 's production being below the production possibilities frontier.
I still want to move along the production possibilities frontier in this general direction.
Two simple economic models are the circular-flow diagram and the production possibilities frontier.
The two endpoints of the production possibilities frontier represent these extreme possibilities.
The graph in Figure 2.1 shows the country 's production possibilities frontier.
You may recall that the production possibilities frontier in Chapter 2 was drawn bowed out.
Which of the following will not shift a country 's production possibilities frontier outward?
Figure 2-1 shows the production possibilities frontier for a society that produces food and clothing.
Let me just draw it . This is our current Production Possibilities Frontier.
Called the production possibilities frontier ( PPF ).
Figure 1, Production possibility curve / Production possibilities frontier.
First economic models, the production possibilities frontier and comparative advantage.
So if he does that, the Production Possibilities Frontier.
And essentially, the Production Possibilities Frontier would be a surface.
An outward shift of a nation 's production possibilities frontier can occur due to.
Unconsciously he constructed in mind the production possibilities frontier which allocates his scarce resources optimally.
Understanding the production possibilities frontier ( ppf ).
Figure 2 shows this economy 's production possibilities frontier.
Panel ( c ) of Figure 1 shows the production possibilities frontier for the rancher.
Figure 2-2 is an example of a production possibilities frontier.
Panel ( b ) of Figure 3-1 shows the production possibilities frontier for the rancher.
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