When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
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<span>Incentives act as a catalyst in providing
people hope and motivation that could lead them either in a better or worse state.
Those who are in the position to implement laws must put into mind these incentives
as these help them to change their people to work harder economically. Policymakers
must plan how to provide incentives to all people regardless of race, sex,
gender and occupation so that biased decisions with regard to this extra profit
will be received by all. But giving these often might predispose people to just
rely on it and the quality of service might be put at stake. So offering incentives
must be properly studied and monitored by those who will provide it, the policymakers. </span>
Answer:
B. An artist becomes an expert at designing websites for
restaurants,
Explanation:
Specialization means focusing on one or very few lines of business. It is concentrating on the products or services that a firm or an individual feels they are best suited. Specialization leads to mastery in the trade or craft that one focuses on.
An artist concentrating on designing websites for restaurants becomes an expert in that business. He or she acquires operational efficiency, which brings his production costs down. The artist will be specializing in website designs for restaurants.
Answer:2,728,146,373,648,273,438,956,857,326,726
Explanation: I live on earth
