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An example PPF: points B, C and D are all productively efficient, but an economy at A would not be, because D involves more production of both goods. Point X cannot be achieved. Productive efficiency occurs under competitive equilibrium at the minimum of average total cost for each good, such as the one shown here.
Productive capacity has a lot in common with a production possibility frontier (PPF) that is an answer to the question what the maximum production capacity of a certain economy is which means using as many economy’s resources to make the output as possible. In a standard PPF graph, two types of goods’ quantities are set.
A diagram showing the production possibilities frontier (PPF) curve for "manufacturing" and "agriculture". Point "A" lies below the curve, denoting underutilized production capacity. Points "B", "C", and "D" lie on the curve, denoting efficient utilization of production.
Fresh off a World Series loss, the New York Yankees are starting to make changes.The team announced Saturday that it has declined the 2025 option of first baseman Anthony Rizzo.. The 35-year-old ...
The negative slope of the indifference curve reflects the assumption of the monotonicity of consumer's preferences, which generates monotonically increasing utility functions, and the assumption of non-satiation (marginal utility for all goods is always positive); an upward sloping indifference curve would imply that a consumer is indifferent ...
In welfare economics, a utility–possibility frontier (or utility possibilities curve), is a widely used concept analogous to the better-known production–possibility frontier. The graph shows the maximum amount of one person's utility given each level of utility attained by all others in society. [1]
The rear-inflow jet is a component of bow echoes in a mesoscale convective system that aids in creating a stronger cold pool and downdraft. The jet forms as a response to a convective circulation having upshear tilt and horizontal pressure gradients. The cold pool that comes from the outflow of a storm forms an area of high pressure at the surface.
A yaw motion is a side-to side movement of the bow and stern of the ship. The transverse/Y axis, lateral axis, or pitch axis is an imaginary line running horizontally across the ship and through the centre of mass. A pitch motion is an up-or-down movement of the bow and stern of the ship.