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
Yes that is a parallelogram
Answer:
Individuals end to continue paying the premiums of the automobile insurance as a habit. However, serious thoughts and putting in element of strategizing helps to reduce the premium in most cases. At times, there is a sudden like on the part of the insurer even for a flawless driver.
A good look up and research of the insurance websites can be of real help in comparing whether a better deal is offered by the other insurance companies, or whether a certain change in the policy or small adjustments of the term would give benefit to the customer.
In case a speeding ticket is received, or an accident is mentioned in the driving history, it is maintained there in for a period of three to five years. Thus, the premium increases substantially. A change of insurer is advised in such situations, where a major search for an insurer, who does not pay that much importance to these details, is to be carried on.
Again, having a teenager driver in the family calls for a caution as the insurance premium increases drastically in such occasion. Having clean driving record of the parents, or kids commuting to far away schools without cars help in such situation.
It would decrease the price of tomatoes. As supply rises, demand lowers and the cost lowers with it.
Jillian bikes a total of 30 miles in 5 days, then we divide 30 and 5 to get 6. Jillian bikes 6 miles per day.
