Production possibilities curve, Macroeconomics

Assignment Help:

Using a production possibilities curve, an economy that produces an output combination less than the maximum possible is depicted by a point located.

a. at the top corner of the curve

b. near the middle of the curve

c. at the bottom corner of the curve

d. outside the curve e. inside the curve

Related Discussions:- Production possibilities curve

Consumer surplus and producer surplus, Suppose the inverse demand curve for...

Suppose the inverse demand curve for a market is equal to p = 100 -- 0.3Q. The inverse market supply curve is p = 20 + 0.5Q. 1. Calculate the equilibrium price and quantity;

What do you meant by investment, Q. What do you meant by Investment? Wh...

Q. What do you meant by Investment? When we use the word investment, we characteristically mean 'gross investment'. Fundamentally, gross investment comprises all finished goods

Show the example on multiplier effect, Q. Show the example on multiplier ef...

Q. Show the example on multiplier effect? Emma makes a deposit: Emma has 1,000 in her mattress and decides to deposit it in K-bank. Deposit won't affect the money

Elucidate elasticity of supply using the midpoint formula, An attorney supp...

An attorney supplies 40 hours of work per week when her fee is $100 per hour but supplies 60 hours of work per week when her fee rises to $120 per hour. Using the midpoint formula,

Draw the strategic form game, Consider a two-player game where player A cho...

Consider a two-player game where player A chooses "Up," or "Down" and player B chooses "Left," "Center," or "Right". Their player is as follows: When player A chooses "Up" and play

Consumer Price Index, What is the formula for consumer price index?

What is the formula for consumer price index?

Effect on unemployment, From the lower left graph of Fig. it can be seen th...

From the lower left graph of Fig. it can be seen that there is a time lag associated with an oil price shock and its subsequent effect on unemployment. The results show that for th

Accounting system-example i, ACCOUNTING SYSTEM-EXAMPLE I Consider a ve...

ACCOUNTING SYSTEM-EXAMPLE I Consider a very simple economy. It consists of a. A number of households. b. A single productive organization, a 'firm' - say the Jam Corpora

Pros and cons of var, Since their inception, VAR models have been at the ce...

Since their inception, VAR models have been at the centre of many controversies associated with econometric modelling. The recurring criticism throughout history is due to the mode

Relationship between oil prices and several indicators, "The price of Brent...

"The price of Brent crude oil has hit $111 a barrel and US crude also rose in price, as worries persist about the unrest in Libya". (BBC News, 2011) This quote, from the BBC news w

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages