--%>

Question based on production possibilities curve

In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.

2014_6.png

Help me in getting answer of this que.

   Related Questions in Microeconomics

  • Q : Demand for product is most elastic at

    From these points in this figure, demand for cheesy fried grits is largely elastic at a price of: (w) P1 and quantity of Q3. (x) P2 and quantity of Q2. (y) P3 and quantity of Q1. (z) P4 and q

  • Q : Help The problem of asymmetric

    The problem of asymmetric information is that: a) neither health care buyers nor providers are well-informed. b) health care providers are well-informed, but buyers are not. c) the outcomes of many complex medical procedures cannot be predicted. d) insurance companies are well-informed

  • Q : Properties of production possibilities

    Describe properties of the production possibilities curve.

  • Q : Majority of surviving below the poverty

    In the United States, a mainstream of those living below “the poverty line”: (1) have televisions, automobiles, main appliances, and other amenities possessed only by the wealthy [when anyone] in earlier times and nowadays, only by the wea

  • Q : Cut price and earn negative profit A

    A huge firm may cut price and earn negative profit when a new firm enters the market so as to: (w) induce the new firm to exit. (x) build a reputation for cutting price so as to deter future entry. (y) gain market control. (z) All of the above. <

  • Q : Right-to-Work Laws I have a problem in

    I have a problem in economics on Right-to-Work Laws. Please help me in the following question. The supporters of unions might complain that right to work laws frequently permit non-union workers to: (i) ‘Free-ride’ by enjoying the union-negotiated advantag

  • Q : Labor Contracts and Shop Agreements

    From the point of view of management, the favored union membership ranking (that is, most favored to least favored) would be: (i) Closed shop, union shop, agency shop and open shop. (ii) Open shop, agency shop, union shop and closed shop. (iii) Agency shop, open shop,

  • Q : Demand Curve when price is cut I have a

    I have a problem in economics on Demand Curve when price is cut. Please help me in the following question. When the price of Snapple is cut, then: (1) The lower quantity of Snapple is demanded. (2) A bigger quantity of Snapple is demanded. (3) Demand for the Snapple r

  • Q : What is APC What is APC ? Answer : APC=

    What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.

  • Q : Examples of command economies Give the

    Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.