production possiblities curve, Economics, Microeconomics

Assignment Help:
suppose either computers or televisions can be assembled with the following labor inputs:
units produced: 1 2 3 4 5 6 7 8 9 10
total labor used: 3 7 12 18 25 33 42 54 70 90
Draw the production possibilities curve for an economy with 54 units of labor.

Related Discussions:- production possiblities curve, Economics

Long run average cost (lac), Long Run Average Cost (or LAC) -Constant R...

Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.

How does a firm maximize their total revenue, The definition of a price mak...

The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d

How do we evaluate the value of money, How do we evaluate the value of mone...

How do we evaluate the value of money? Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and de

Consumer behaviour, identify three factors to criticize the theory of consu...

identify three factors to criticize the theory of consumer behavior or utility theory

Supply and demand of coffee and tea, Three factors that determine demand fo...

Three factors that determine demand for coffee and tea

Easy, what are the factors influencing supply

what are the factors influencing supply

Theory of Profit Maximization, arguments in favour and against of Theory of...

arguments in favour and against of Theory of Profit Maximization

Benefits of education, Normal 0 false false false EN-IN...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Good governance to ensure implementation of economic policy, GOOD GOVERNAN...

GOOD GOVERNANCE TO ENSURE IMPLEMENTATION OF ECONOMIC POLICY:  Government is very sensitive to the expectation of the people and sincere efforts in this direction have already

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd