The Production Possibilities Frontier (PPF) is a curve that shows all the combinations of two goods that an economy or a firm are able to produce given a certain endownment of factors of production. The points in the curve show all the efficient production combinations, as there are no unused resources and, in order to produce a larger quantity of one of the goods, a certain amount of the other needs to be given up.
Assume that the PPF attached is the one corresponding to my new store, where I can produce either guns or butter. Any bundle located along the curve (for example, the combinations B, D or C) represents efficent amounts of production of the two goods, and therefore any of them are recomendable production strategies that can be followed. Those are efficient combinations because the whole endowment of resources is used. In opposition, point A is inefficient because there are unused resources in the firm/economy, and point X is impossible, because there are not enough resources in the economy to generate those levels of output.
Answer:
Answer to the following question is as follows.
Explanation:
Casablanca is influenced by the unique features of the North African desert. I also believe that the sun's brightness and other exotic aspects contribute to the film's overall feeling of Casablanca as a haven. Its unique features of sand and beaches, which are connected with the region, create a romantic and mysterious mood.
The correct answer to this open question is the following.
A clothing designer releases a new line of jeans. Show how the three economic questions are answered in this process.
Well, in this case, the three economic questions are the following.
Number 1, would be what must be produced? The kind of product or jeans that are about to be produced. Number 2, how? The way the product should be produced or fabricated. With what kind of specifications to have the final product ready. And number 3, who is going to be the final consumer of the product? Where is our market? Who is going to but the jeans? These questions are important in the production and marketing process to make the right decisions and maximize production.
I believe the answer is: . Serbia signed a peace agreement.
This agreement was known as the Dayton agreement, which made as a condition between serbia and united states to stop united states' air force operation in the country in exchange of territorial division for bosnian serbs and bosnian croats.