1.什么是PPF(Production Possibilities Frontier)? 我们利用有限的资源与技术(其他条件均相同的情况)生产的两种商品(如图中的兔子与浆果)会因不同组合(如图中Scenario一栏)得到不同的产出(Rabbits&Berries两栏),PPF即为不同分配得到不同结果的图像。 2.什么是机会成本(Opportunity Cost)? 为了得到某物而选择失去某物...
each decision you make that locks you into one course of action diminishes your ability to do other things. This is called the law of increasing opportunity cost. Here’s an overview of the law and an explanation of how it can affect you as a small business owner. ...
Put together the Law of Increasing Opportunity Cost, the Law of Diminishing Returns, and the relevant calculations, and this leads to the concept of the Production Possibility Frontier (PPF). In choosing to produce one item, a business is choosing not to produce another item, but demand for ...
a) The Autarky PPF is linear, b) The world PPF is a straight line, c) The slope of Autarky PPF is determined by the opportunity cost, d) The size of the labor fo Can a production possibility frontier (PPF) ever shift inward? Suppose the economy goes from a point on...
of Y. The increasing opportunity cost of A country is represented by Y. This makes the PPF concave to the origin. The opportunity cost is represented by the marginal conversion rate. The MRT of X to Y is the number of Y that you produce per unit ...
Opportunity cost is the cost of the next best alternative foregone. Marginal opportunity cost measures the total cost to a firm due to an increase in one unit of output produced. Every firm uses this data in sales to move in the right direction in the future....
Marginal cost is a term used in business, especially manufacturing, that refers to the cost of producing one additional product. If a company produces purses, it would be the costs associated with producing a single purse more than current production. ...
Question: How does increasing the unemployment benefit increase aggregate demand? Transfer Payments Transfer payments are made by the government from tax revenues to needy people in the society. Examples of transfer payments include welfare programs such as food stamps, unemployment compensation, and Soc...
2.什么是机会成本(Opportunity Cost)? 为了得到某物而选择失去某物 The cost of something is what yougive upto get it.由图举例(场景E➡场景F),兔子少了1个,而浆果多了20个,那么20个浆果的机会成本就是1个兔子;同理,1个浆果的机会成本是1/20(将PPF看作线性的情况下) ...