--%>
Assignment Help - homework help

Technological improvement of production possibilities curve

Assume improvement takes place in the technology of producing forklifts however not in the technology of producing automobiles. Draw the new production possibilities curve. Now suppose that a technological advance takes place in generating automobiles however not in producing forklifts. Draw the new production possibilities curve. Now draw production possibilities curve which reflects technological improvement in the production of both of the products.

E

Expert

Verified

See the graph given below. PPC1 illustrates improved forklift technology. PPC2 illustrates improved auto technology.  PPC3 illustrates improved technology in producing both products.

1006_Technological improvement in the production possibilities curve.png

   Related Questions in Finance Basics

  • Q : Describe utilization of a risk-adjusted

    Describe how utilizing a risk-adjusted discount rate develop capital budgeting decision making compared to utilizing a single discount rate for all projects? The risk-adjusted discount rate develop capital budgeting decision making compared to t

    		•
  • Q : State Section 8.50 Section 8.50 : The

    Section 8.50: The Control Section of Budget Act gives the authority to raise federal funds expenses authority.

    		•
  • Q : Question on level of free market wage

    In the year of 1996, the U.S. Congress raised the minimum wage from $4.25 per hour to $5.15 per hour. Some of the people suggested that a government subsidy could help employers finance the higher wage. Assume the supply of low-skilled labour is specified by

    		•
  • Q : International Business and Finance

    Alpha and Beta Companies can borrow at the described rates. Alpha Beta Moody's credit rating Aa Baa Fixed-rate borrowing cost 10.5% 12.0% Floating-rate borrow

    		•
  • Q : 222 what do you understand by planning

    what do you understand by planning premises

    		•
  • Q : Fin 235 Personal Finance Homework Fin

    Fin 235 Personal Finance Homework Chapter 8: Problems: 1, 3, 5, 7 1.   Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If a family

    		•
  • Q : How the production of public goods will

    Normal 0 false false

    		•
  • Q : Explain euro Normal 0 false false false

    Normal 0 false false

  • Q : What is Non-governmental Cost Funds

    Nongovernmental Cost Funds: For lawful basis purposes, employed to budget and account for revenues other than common and special taxes, licenses, and fees or some other state revenues.

    		•
  • Q : What is Other Finance Refund to

    Refund to Reverted Appropriations: It is a receipt account to record the return of monies (example, abatements and reimbursements) to appropriations which have reverted.

    		•