--%>

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 : Diminishing Returns for different kinds

    The Standard economic suppositions recommend that the production possibilities frontiers are concave from beneath [from origin] mainly because: (i) People desire additional units of a good less the more of good they encompass. (ii) The relative produc

  • Q : History of idle capacity during world

    Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso

  • Q : US production capacity during war Can

    Can someone help me in finding out the right answer from the given options. The economic impact of the World War II on U.S. civilian living standards was: (w) Rigorous since military production skyrocketed. (x) Worse than in almost any other enemy cou

  • Q : Honesty and integrity in market

    The economic system which in theory depends relatively the least for its efficiency and in general success on honesty and integrity and humanitarianism of members of the economically and socially and most of the elite groups in the system are about ce

  • 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 : Slower rates of economic growth In the

    In the production possibility frontier model, a society which presently selects higher levels of consumer goods and some capital goods outcomes in: (i) Higher rates of unemployment in future. (ii) Enhanced economic efficiency. (iii) Slower rates of th

  • Q : Problem on relative household incomes

    The most complex concepts to exemplify with a graph of a production possibilities frontier would be: (1) Associative prices and opportunity costs. (2) Productive inadequacy and unemployment. (3) Scarcity and choices. (4) Diminishing returns. (e) Assoc

  • Q : History of USSR market forces From the

    From the year1960s to the 1980s, the government of: (i) England employed socialistic imperialism to reclaim the former colonies. (ii) El Salvador and Nigeria were conquered by the communist revolutions. (iii) The US expanded regulation, whereas the USSR rousingly reli

  • Q : Need of sacrificing activity for the

    I have a problem in economics on Need of sacrificing activity for the other. Please help me in the following question. Competitive choices outcome if: (i) The freely accessible quantity of a good surpass people's wants. (ii) Shortages of requirements

  • Q : Increasing Costs-Opportunity costs

    Since clothing output expands from 0 to 100, then the opportunity cost per unit of extra clothing: (i) Increases. (ii) is zero. (iii) Drops. (iv) Is constant. Can someone please help me in finding out the accurate answer from the a