A production possibilities frontier (PPF) is a function that shows the different combinations of two goods that can be produced by a country, firm, or any other economic agent, given a fixed initial endownment of factors of production that is totally consumed. Therefore, the points in the function take the following form: (x ,y)= (quantity produced of good x, quantity produced of good y).
The PPF function also represents two crucial economic concepts: efficiency and opportunity cost. The opportunity cost is defined as the value of the best alternative rejected when making a decision. When moving along the PPF line, if a combination is chosen so that a extra unit of good x is produced, some units of good y need to be given up (due to the fixed amount of inputs available). Those given up units would constitute the opportunity cost.
<u>Combinations of x and y located along the curve are efficient because they represent output quantities obtained by using the whole factor endowment available.</u> Points located below the curve are considered inefficient because they represent inferior levels of production than the ones that could be generated given the amount of resources available. On the other hand, points located above the PPF curve are impossible, because they represent bundles of x and y that cannot be manufactured given the initial endowment of resources.
Answer:
Municipal Courts
Explanation:
Larger cities often have city courts (also known as municipal courts) which hear traffic offenses and violations of city ordinances; in some states, such as New York, these courts also have broader jurisdictions as inferior jurisdiction courts and can handle small civil claims and misdemeanors.
The answer is B) Missions
The correct answer is the following.
There are many regulations that impact a new business. The government is strict to approve the operation of a new business because it tries to protect the consumer and the owner. Among the government regulations, you need to pass, are state Licensing. This is important to have the authorization to operate the business. Another regulation is the business taxes you have to pay. So be informed before opening the business. If your business is about food preparation, expect Health Department inspections. Finally, you have to check on the Department of Labor website for "Employment and labor laws."
Hi!
I'm going to start off with the last question, lol. Does it have to be in order? You can rearrange the paragraphs later on if you want.
What careers could you have in Environmental Science? PARAGRAPH 1:
If you have a Environmental Science degree lying around, you can have many careers and jobs in the field. Some of these include Environmental consultant, Environmental education officer, Marine Biologist, Water Quality Scientist, Climatologist, Ecologist, Geographer, Hydrologist, Meterologist, Microbiologist, and many more.
Do you think studying Environmental Science is important? PARAGRAPH 2:
Yes. Environmental Science is very important because our home, Earth, is a very unique place providing us with many things we need to survive and it has many mysteries yet to be solved and this field plays a huge role in that. Environmental Science today covers the interaction between living and non-living things, and that helps us with our research. Environmental Science also involves many fields such as physics, biology, chemistry, geography, etc.
I've provided two complete paragraphs, good luck!
