« previous next »

Author Question: How does economic growth influence the production possibilities frontier? What will be an ideal ... (Read 97 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?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

An overview of the process of primary and secondary growth in a woody stem. An overview of the process of primary and secondary growth in a woody stem.
Economic and Social Development Economic and Social Development
Energy Production Energy Production
Growth Forecast from The Limits To Growth Growth Forecast from The Limits To Growth
economic question economic question
economic question economic question
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library