« previous next »

Author Question: How does economic growth influence the production possibilities frontier? What will be an ideal ... (Read 93 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
How does economic growth influence the production possibilities frontier?
 
  What will be an ideal response?

Question 2

Is the 208 million that electricity producers will spend to comply with the new rules part of the opportunity cost of producing electricity?
 
  What will be an ideal response?


phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

Economic growth shifts the PPF outward. Persistent outward shifts in the production possibility frontiereconomic growthare caused by the accumulation of resources, such as more capital equipment or by the development of new technology.

Answer to Question 2

The 208 million is part of the opportunity cost of producing electricity because it represents the purchase of goods and services neces-sary to produce electricity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Seedling growth showing the triple response to ethylene. Seedling growth showing the triple response to ethylene.
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
economic question economic question
economic question (having trouble) economic question (having trouble)
Primary growth in a root Primary growth in a root
Video: Appendicitis Animation

For a complete list of videos, visit our video library