Social Studies, 04.02.2020 01:54 caro70

How does a production possibilities frontier show efficient uses of a country’s resources?

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A production possibilities frontier (PPF) is a function that shows the different combinations of two goods that can be produced by a country, firm, or any other economic agent, given a fixed initial endownment of factors of production that is totally consumed. Therefore, the points in the function take the following form: (x ,y)= (quantity produced of good x, quantity produced of good y).

The PPF function also represents two crucial economic concepts: efficiency and opportunity cost. The opportunity cost is defined as the value of the best alternative rejected when making a decision. When moving along the PPF line, if a combination is chosen so that a extra unit of good x is produced, some units of good y need to be given up (due to the fixed amount of inputs available). Those given up units would constitute the opportunity cost.

Combinations of x and y located along the curve are efficient because they represent output quantities obtained by using the whole factor endowment available. Points located below the curve are considered inefficient because they represent inferior levels of production than the ones that could be generated given the amount of resources available. On the other hand, points located above the PPF curve are impossible, because they represent bundles of x and y that cannot be manufactured given the initial endowment of resources.

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buildings

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the correct answer is "c": the pillars proclaimed his regret at the bloodshed at the battle of kalinga and his conversion to buddhism.

the kalinga war is considered as one of the largest battles in the history of india. it was fought between the between the maurya empire, which ruled the lands of what is now known as india at the time, and the independent feudal kingdom of kalinga.

the army of maurya empire, led by its king ashoka, fought a prolonged war against kalinga. the war ended around 262 bce with the victory of the maurya empire. it is believed that ashoka, after having witnessed the loss of many lives during this war, felt deep responsibility and eventually converted into buddhism.

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