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Describe a constant production possibility frontier cost graph.
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- Discuss the various production costs that firms face.Watch a YouTube video about Production Possibility Curve/Frontier and explainA point inside the production possibilities frontier isa. efficient but not feasible.b. feasible but not efficient.c. both efficient and feasible.d. neither efficient nor feasible
- Define and describe the production possibilities frontier model.What is the Production–possibility frontier curve? Explain it in reference of before Specialization and trade.Hello, i have posted this question many times in bartleby, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you.Question: What is the Production Possibility Frontier?Please Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave many dislikes for you and more from my friends accounts also.
- Explain Production possibility frontier with an example and give explanation on why it is represented as a curved diagram(concave)Sketch a plausible production possibility frontier that shows in general various combinations of wheat and potatoes a farmer can produce with the fixed amount of resources available to him? Label your diagram well for example your axesbut you dont have to use any specifc numberUsing the concept of production possibility curve, explain how it can be used to show the relationship between scarcity, choice, opportunity cost and efficiency .
- Suggest assumptions of the Production Possibility FrontierA farmer produces both beans and corn on her farm. If she must give up 1616 bushels of corn to be able to get 66 bushels of beans, then her opportunity cost of 11 bushel of beans is 0.38 bushels of corn. 16.00 bushels of corn. 2.67 bushels of corn. 2.99 bushels of corn.Give one example of external economics of scale?
