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zalisa [80]
3 years ago
5

How does a production possibility chart assist in outlining opportunity cost?

Social Studies
1 answer:
Anestetic [448]3 years ago
4 0

Answer: It compares profit potential of one product to another. It compares production cost of one product to another. It compares production numbers of one product to another

Explanation:

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Ibn Ishaq added in his account: umm kulthum" I was sent with the sword before the (Last) Hour so that Allah is worshipped, Alone, without a partner." A Sahih Hadeeth; Sahih al-Jami.

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It seems that we live in an age of Muftis, where anyone and everyone gives religious verdicts on behalf o [sic] Islam, even those with the least knowledge about the religion of Islam. Even Pope Benedict  issued his own Fatwa (religious opinion) on Ayah 2:256, by stating, "Emperor [Manuel III] must have known that Surah 2, 256 reads: ‘There is no compulsion in religion.’ According to some experts, this is probably one of the suras of the early period, when Mohammed was still powerless and under threat."

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The backward-bending labor supply curve occurs because workers value leisure:a. and income differently as wages change.b. consis
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Explanation:In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid worktime and so higher wages lead to a decrease in the labour supply and so less labour-time being offered for sale.[1]

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Such a comparison generally means that a higher wage entices people to spend more time working for pay; the substitution effect implies a positively sloped labour supply curve. However, the backward-bending labour supply curve occurs when an even higher wage actually entices people to work less and consume more leisure or unpaid time.

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What happened in the road to revolution?
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