Answer to Question 1
Both the budget line and the production possibilities frontier illustrate limits. The budget line describes the limits to consumption possibilities; the production possibilities frontier describes the limits to production possibilities. A consumer is unable to consume combinations of goods that lie beyond his or her budget line. Similarly, a nation is unable to produce combinations of goods that lie beyond its production possibilities frontier.
Answer to Question 2
In the short run, the firm can change its variable factors of production, such as labor. The firm cannot change its fixed factors of production, such as its capital stock. The factors of production the firm cannot change are called its plant. In the long run, the firm can change all of its factors of production. Indeed, the long run is defined as the period of time long enough so that the firm can change all of its factors of production.
(PDB ID 1MBO) Orientation of the protein is similar in
Pair Production and Annihilation
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Some Ford metal line connections use springlocks and O-rings.
Who's line is it anyway
Stem Cell Production