Which is the more natural occurrence linear or bowed out and tell why?
Homework Answers
For any producer producing two goods like tomatoes and potatoes t, if he has the right set of technology where he can easily switch the production between two goods at constant rate only then the PPF Curve is straight line or linear
The natural occurrence is more linear because goods are of similar production process and deploy similar level of capital and labor .
Add Answer to:
Which is the more natural occurrence linear or bowed out and tell
why?
Figure 2-7 What is the difference between the linear and bowed out ppf?
Figure 2-7
What is the difference between the linear and bowed out ppf?
In general, why are Production Possibilities Frontiers "bowed out" instead of straight lines? The land, labor,...
In general, why are Production Possibilities Frontiers "bowed out" instead of straight lines? The land, labor, and capital used to make one good might not be suitable for making the other Goods and services are used in different amounts for making land, labor, and capital Some goods need more land, labor, and capital than others All productive resources are equally suited for producing all goods
Which of these conditions should completely prevent the occurrence of natural selection in a population over...
Which of these conditions should completely prevent the occurrence of natural selection in a population over time? a. All variation between individuals is due only to environmental factors. b. The environment is changing at a relatively slow rate. c. The population size is large. d. The population lives in a habitat where there are no competing species present.
Part I. Under what conditions is the production possibilities frontier linear rather than bowed out Explain...
Part I. Under what conditions is the production possibilities frontier linear rather than bowed out Explain how absolute advantage and comparative advantage differ. Draw a production possibilities frontier for a society that produces food and clothing. Show an efficient point, an inefficient point, and an infeasible point. Show the effects of a drought. Define microeconomics and macroeconomics Which of the following questions is studied in microeconomics? a. Should I go to college or get a job after I graduate? b....
Which chemical has more entropy and give two reasons why they do. Linear polyethylene (s) or...
Which chemical has more entropy and give two reasons why they do. Linear polyethylene (s) or hyperbranched polyethylene (s).
In the United States a government agency known as FEMA (Federal Emergency Management Agency) pays out funds to areas and people affected by natural disasters. Following Hurricane Sandy, which flooded the low-lying parts of lower Manhattan, FEMA paid out f
In the United States a government agency known as FEMA (Federal Emergency Management Agency) pays out funds to areas and people affected by natural disasters. Following Hurricane Sandy, which flooded the low-lying parts of lower Manhattan, FEMA paid out funds to help pay for damages in the area. There is currently a proposal to construct a unit complex on the Outer Banks in South Carolina. This is an area that is likely to be increasingly affected by flooding and hurricanes...
9781111822729 Review Questions and Problems 1. Draw a bowed-out PPC with an aggregate measure of medical...
9781111822729
Review Questions and Problems 1. Draw a bowed-out PPC with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis. Discuss the implications of the following changes on the quanti- ties of medical services and all other goods. A. A movement down along the curve. B. A movement from the interior of the curve to a northeasterly point on the curve. C. An...
2. Why is the natural logarithmic function y = ln x used more often in calculus...
2. Why is the natural logarithmic function y = ln x used more often in calculus then the other logarithmic functions y=loga x ?
1 pts Question 13 PPFs are usually bowed out because: all resources are not equally adaptable...
1 pts Question 13 PPFs are usually bowed out because: all resources are not equally adaptable in the production of all goods the more resources a society uses to produce one good, the fewer resources it has available to produce another good. all resources are equally adaptable in the production of all goods all PPts have a negative slope Question 14 1 pts The effect of an increase in productive inputs such as labor and capital can be shown by:...
Which of the following is true regarding natural monopoly? Because it is more efficient to do...
Which of the following is true regarding natural monopoly? Because it is more efficient to do so, governments allow natural monopolies to form, but also must regulate them. Natural monopolies are created when one firm owns the entire supply of a natural resource. Natural monopolies are illegal in the United States. Natural monopoly power only lasts as long as the patent is valid. Governments control natural monopolies in order to make as much profit as possible.
Figure 2-7
What is the difference between the linear and bowed out ppf?
In general, why are Production Possibilities Frontiers "bowed out" instead of straight lines? The land, labor, and capital used to make one good might not be suitable for making the other Goods and services are used in different amounts for making land, labor, and capital Some goods need more land, labor, and capital than others All productive resources are equally suited for producing all goods
Part I. Under what conditions is the production possibilities frontier linear rather than bowed out Explain how absolute advantage and comparative advantage differ. Draw a production possibilities frontier for a society that produces food and clothing. Show an efficient point, an inefficient point, and an infeasible point. Show the effects of a drought. Define microeconomics and macroeconomics Which of the following questions is studied in microeconomics? a. Should I go to college or get a job after I graduate? b....
9781111822729
Review Questions and Problems 1. Draw a bowed-out PPC with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis. Discuss the implications of the following changes on the quanti- ties of medical services and all other goods. A. A movement down along the curve. B. A movement from the interior of the curve to a northeasterly point on the curve. C. An...
1 pts Question 13 PPFs are usually bowed out because: all resources are not equally adaptable in the production of all goods the more resources a society uses to produce one good, the fewer resources it has available to produce another good. all resources are equally adaptable in the production of all goods all PPts have a negative slope Question 14 1 pts The effect of an increase in productive inputs such as labor and capital can be shown by:...
Which of the following is true regarding natural monopoly? Because it is more efficient to do so, governments allow natural monopolies to form, but also must regulate them. Natural monopolies are created when one firm owns the entire supply of a natural resource. Natural monopolies are illegal in the United States. Natural monopoly power only lasts as long as the patent is valid. Governments control natural monopolies in order to make as much profit as possible.
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