Production Possibilities Curve
Production PossibilitiesCurve
Production Possibilities 1.3 Trade offs and opportunity costs canbe illustrated using aProduction Possibilities Curve.PPC—shows all the possiblecombinations of 2 goods or services.Given 2 assumptions: 1. Fixedresources 2. Maximum efficiency.
Video ScarcityOpportunity CostEfficiencyEconomic Growth
Opportunity Cost Opportunity cost of any choice What we forego (give up) when we makethat choiceAll production carries an opportunity costTo produce more of one thing Must shift resources away fromproducing something else
Production Possibilities Graphshows alternative ways that aneconomy can use its resources.Cost - production possibilitiesgraph shows the cost of producingmore of one item.
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Production Possibilities Frontier Production Possibilities Frontier isthe line that shows the maximumpossible output for that economy. Curve showing all combinations of twogoods that can be produced withresources and technology availableSociety’s choices are limited to points onor inside the PPF
CostProductionPossibilitiesCurve
Efficiency - using resources in such a wayas to maximize the production of goods andservices economy producing output levels on theproduction possibilities frontier is operatingefficientlyGrowth - if more resources becomeavailable, or if technology improves, aneconomy can increase its level of outputand grow. when this happens, the entire productionpossibilities curve “shifts to the right.”
CostGrowthProductionPossibilitiesCurveEfficiency
Law of Increasing Opportunity Cost: The more of something we produce the greater the opportunity cost ofproducing even more of it
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Future Production Possibilities Real World—Technology and thefactors of production do NOT remainconstant. Production curve shiftswhen technology/new resourcesbecome available.The curve “shifts to the right” to shownew production possibilities.
FutureProductionPossibilitiesCurveCostGrowthLaw CurveEfficiency
Production Possibilities 1.3 Trade offs and opportunity costs can be illustrated using a Production Possibilities Curve. PPC—shows all the possible combinations of 2 goods or services. Given
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Society's Economizing Problem 10 Scarce Resources / Resource Categories Production Possibilities Model // Production Possibilities Table / Production Possibilities Curve / Law of Increasing Opportunity Costs /
Figure 5 (below) shows a B Trip Curve overlaid onto the chart. The three major components of the Trip Curve are: 1. Thermal Trip Curve. This is the trip curve for the bi-metallic strip, which is designed for slower overcurrents to allow for in rush/startup, as described above. 2. Magnetic Trip Curve. This is the trip curve for the coil or solenoid.
Koch middle-one fifth curve (Fig. 8a) and Koch middle one-sixth curve (Fig. 9a) has dimensions 1.113 and 1.086 respectively that are smaller than the conventional Koch curve. (a) Koch left one-third curve with Generator (b) Koch left one-third Snowflake Fig. 5: Koch Left One-Third Curve and Koch Snowflake for (r1, r2, r3) (1/3,1/3,1/3)
The efficiency curve shows the efficiency of the pump. The efficiency curve is an average curve of all the pump types shown in the chart. The efficiency of pumps with reduced-diameter impellers is approx. 2 % lower than the efficiency curve shown in the chart. Pump type, number of poles and frequency. QH curve
Creating a new design curve from brushing over a French curve is simply a matter of generating a sub-curve [10] from the formula-tion of the digital French curve. Editing design curves using French curves is based on the premise that the section of the design curve being edited has the same general shape and position in space as the
2.1. Decline Curve Analysis. The Arps decline curve is the most common DCA. The Arps hyperbolic decline curve model is [29]. q q i ðÞ1 bD i t 1/b, ð1Þ where q is the predicted production, q i is the initial produc-tion, t is time, b is a constant, and D i is the initial decline rate. When the constant loss ratio b is 0, the decline curve
12/10/2007 Noorlaily F/ IMAN/Matrikulasi 5 Assets Liabilities & Equity Current assets Current Liabilities Fixed assets Long-term debt Preferred Stock Common Equity The financing decision Gambar I.2 Keputusan Pembelanjaan C. Kedudukan Manajer Keuangan Dalam Struktur Organisasi Perusahaan Di dalam perusahaan yang besar bidang keuangan dipimpin oleh seorang manajer keuangan (chief funancial .
