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
It is approximately a thousand times larger
Answer:
The length of each piece is 0.833 ft.
Step-by-step explanation:
Length of board, L = 5 ft 1 inch
loss per cut = 1/5 inch
The board should be cut by 5 times to get the 6 pieces.
The loss in 5 cuts = 5 x 1/5 = 1 inch
So, the length of each piece is
Answer:
The AP is 1, 11/2, 10, 29/2, 19, ....
Step-by-step explanation:
Let the first term be a and d be the common difference of the arithmetic progression.
ATQ, a+2d+a+6d=38, 2a+8d=38 and a+8d=37. Solving this, we will get a=1 and d=9/2. The AP is 1, 11/2, 10, 29/2, 19, ....
