Production Possibilities Curve

Related BrainMass Solutions

• Automobiles vs Forklifts: Production Possibility Comparison

  Is production at a point outside the production possibilities curve currently possible? Could a future advance in technology allow production beyond the current production possibilities curve?

• Technological improvements will

  156500 Technological improvements will Technological improvements will a. leave the production possibilities curve unchanged b. shift the production possibilities curve inward c. shift the production possibilities curve outward d. necessarily lead

• Production possibilities frontier

  Is it operating on its production possibilities curve? If not, what facts might account for this? No, it is not operating on the curve.

• Fundamental economic concept of opportunity costs

  Does a reduction in trade barriers cause a country to move closer to its production possibilities curve or does it cause the production possibilities curve to shift outward?

• opportunity costs

  Upon what specific assumption is this possibilities curve based? If the economy is at point C, what is the cost of one more automobile and forklift? Explain how the production possibilities curve reflects the law of increasing opportunity cost.

• production possibilities curve

  This posting explains the production possibilities curve.

• absolute advantage

  Does this curve lie above the production possibilities curve? d. If the maximum number of case of wine that can be produced per year in Germany is 2 million, draw the German production possibilities curve in a graph. e.

• production curve

  I'm attaching an Excel file with the production possibilities curve.

• Production and Output in WWII

  I ask that you explain this by using the Production Possibilities Curve, addressing in particular the changes in output and in labor force participation (including the new women workers).