Thursday, March 3, 2011

productions possibility frontier

Microeconomics - Production Possibility Frontier

Microeconomics - Production Possibility Frontier

Like its name, it shows possible production or combined quantity of two

Like its name, it shows possible production or combined quantity of two

PPF (T1) = the Production Possibility Frontier for a Country in period 1.

PPF (T1) = the Production Possibility Frontier for a Country in period 1.

Production Possibility Frontier Production Possibility Frontier

Production Possibility Frontier Production Possibility Frontier

 production possibility frontier (PPF) to our graph, as shown in Graph 2.

production possibility frontier (PPF) to our graph, as shown in Graph 2.

In this example the production possibility frontier is already bowed out

In this example the production possibility frontier is already bowed out

Diagram: Production Possibility Frontier - Development

Diagram: Production Possibility Frontier - Development

Unemployment and the production possibility frontier

Unemployment and the production possibility frontier

Use the Production Possibility Frontier to depict full employment,

Use the Production Possibility Frontier to depict full employment,

Production Possibilities Curve

Production Possibilities Curve

 is the Production Possibility Frontier (PPF) of a country. Figure 2

is the Production Possibility Frontier (PPF) of a country. Figure 2

Economists generally believe that production possibilities frontiers often

Economists generally believe that production possibilities frontiers often

Suppose production occurs initially on the production possibility frontier

Suppose production occurs initially on the production possibility frontier

Source: The production possibilities frontier is a widely known and used

Source: The production possibilities frontier is a widely known and used

Production Possibility Frontier

Production Possibility Frontier

Now the production possibility frontier is convex - because of the

Now the production possibility frontier is convex - because of the

Description= Production Possibilities graph/diagram; Author= Endless Melee

Description= Production Possibilities graph/diagram; Author= Endless Melee

production possibility frontiers and economic efficiency

production possibility frontiers and economic efficiency

Figure 5 - Production Possibilities Frontier (PPF)

Figure 5 - Production Possibilities Frontier (PPF)

 the various segments of the society production possibility frontier

the various segments of the society production possibility frontier

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