This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does the slope of the production possibilities curve represent? Explain. What will be an ... (Read 80 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
What does the slope of the production possibilities curve represent? Explain.
 
  What will be an ideal response?

Question 2

The assumption that other things are constant is also known as the
 
  A) ceteris paribus assumption.
  B) rational self-interest assumption.
  C) distinguishing characteristic of economics as a science.
  D) relationships assumption.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

It represents the trade-off between two goods from two points on the PPC. Specifically, as we move from one point to another, in order to produce more of one good, we must trade-off or give up the other good. If the trade-off is constant, then the slope is constant along the PPC and the PPC is a straight line. If the trade-off increases, then the slope is increasing along the PPC and the PPC is bowed outward.

Answer to Question 2

A


ssal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
:D TYSM

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Experimental evidence of the effect of allelochemicals on plant production. Experimental evidence of the effect of allelochemicals on plant production.
The titration curve of acetic acid The titration curve of acetic acid
A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Slope puzzle Slope puzzle
A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ... A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ...
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library