Production would take place at a point inside the production possibility frontier
The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Points inside the production possibilities curve means that the nations resources are not being fully utilised
When the unemployment rate increases, it means that labour resources are not been fully utilized. As a result, production would take place at point inside the production possibilities curve
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Learn more about the production possibility curve here : brainly.com/question/12047178?referrer=searchResults
Answer:
from my opinion second option is right
Answer:
there is a 64% chance that the student got both problems wrong
a 32% chance that they got only 1 correct
and a 4% chance that they got both correct
Step-by-step explanation:
There are 25 total possible combinations of answers, with 8 possible combinations where the student would get 1 answer right, and 1 combination where the student would get both answers correct.
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Cost as a function of hours is:
c(h)=52.5h+75
Answer:
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Step-by-step explanation:
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