--%>

Production frontier model requirements

I have a problem in economics on Production frontier model requirements. Please help me in the following question. The production possibilities frontier model doesn’t need supposing that: (1) Technology is stable. (2) Resources are fixed. (3) Output mixes are constant. (4) Resources are proficiently employed.

   Related Questions in Econometrics

  • Q : History of US economy Shortly prior to

    Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.

  • Q : How Laissez-faire economic policies

    Can someone help me in finding out the right answer from the given options. I have a problem in economics on Laissez-faire economic policies. Please help me in the following question. Laissez-faire economic policies would be dominant beneath pure: (1)

  • Q : Econ 130 An increase in consumer desire

    An increase in consumer desire for strawberries is most likely to

  • Q : Capitalistic economies of wars Even if

    Even if most resources are privately owned, most of the major economic decisions are made by the government if: (i) Decentralized planners respect the Soviet economy. (ii) Laissez faire policies are national goal. (iii) Capitalistic economies assemble

  • Q : Queuing-Allocative Mechanisms Can

    Can someone help me in finding out the right answer from the given options. Most of the colleges allocate football and basketball tickets by encompassing students wait in long lines beginning at around 6 am on frigid fall mornings. This ineffective allocative mechanis

  • Q : Operating in an economically efficient

    Can someone please help me in determining the right answer from the following question. The society is least probable to be operating in an economically efficient fashion when: (1) Whenever one individual gains then the other necessarily loses. (2) Br

  • Q : Random Selection-Allocative Mechanisms

    I have a problem in economics on Random Selection-Allocative Mechanisms. Please help me in the following question. Choosing military draftees by lottery entails an allocative method of: (i) Egalitarianism. (ii) Arbitrary selection. (iii) Brute force.

  • Q : Allocative Mechanisms-The Market System

    I have a problem in economics on Allocative Mechanisms. Please help me in the following question. The market system is an illustration of a/an: (1) Allocative mechanism. (2) Social organization. (3) Political system. (4) Exploitation device.

  • Q : ECONOMETRICS PROBLEM MORE EXAMPLE OF

    MORE EXAMPLE OF THE ABOVE TITLE AND SOLUTION OF D/T WORK OUT .HELP ME PLEACE!!

  • Q : Use of production resources Arbitrary

    Arbitrary selection, tradition and queuing are all probable to consequence in: (1) greater fairness that takes place beneath laissez-faire capitalism. (2) Low levels of production as resources are inefficiently employed. (3) The socialist revolution a