If the two production goods depicted are investment ( to increase future production possibilities ) and current consumption goods, the higher is investment this year, the more the PPF would shift out in following years.
32.
He showed that if the production possibility set satisfies customary properties, but is not a cone, then there is a collection of consumers with conventional preferences and specific initial endowments for which the core is empty.
33.
Thomson Audio Kulim's human resource manager, Encik Mohd Khairuddin Ahmad Fadzil, said in the statement : " In the past few months, the management has explored all production possibilities but were unable to find a solution.
34.
Now suppose that " X " and " Y " are feasible but " Z " is infeasible ( say, the candidate is not on the ballot or the social state is outside the production possibility curve ).
35.
To maintain economic growth in the long-run, especially on a per-capita basis, it is good for an economy to grow intensively; for example, by improvements in technology or organisation, thereby increasing the production possibilities frontier of the economy.
36.
Shifts of the curve can represent how technological progress that favors production possibilities of one good, say guns, more than the other shifts the PPF outwards more along the favored good's axis, " biasing " production possibilities in that direction.
37.
Shifts of the curve can represent how technological progress that favors production possibilities of one good, say guns, more than the other shifts the PPF outwards more along the favored good's axis, " biasing " production possibilities in that direction.
38.
Productive inefficiency, with the economy operating below its production possibilities frontier, can occur because the productive inputs physical capital and labor are underutilized that is, some capital or labor is left sitting idle or because these inputs are allocated in inappropriate combinations to the different industries that use them.
39.
Commenting on the closure, human resource manager Khairuddin Ahmad Fadzil said : " In the past few months, the management has explored all production possibilities but were unable to find a solution . . . It is unfortunate that intense cost pressures coupled with tough market conditions, where global growth rates are stagnant, have resulted in this.
