Share Economics for 9-blue by Ahmadjon
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The PPC is a graph that shows the maximum level of _______ that can be reached with a given amount of productive _______ and ________.
Output, resources, technology
All the points which remain inside the line of the ppc are...
inefficient
What is our last topic?
Supply curve
what is demand?(15 points for full answer)
Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.
Give definition for supply
a person, especially a schoolteacher, acting as a temporary substitute for another. (joke)(if you give this definition also you can get additional 15 points)
Mirzog'olib can create a program which has cost of $120. customers want to buy it for twice price of it's real cost. Instead of creating he preparing for competition. What is the opportunity cost?
$240(If Mirzog'olib's team choose that question additional 20 points )
Shahzodbek's teacher gave him homework. He should make a logo. Shahzodbek can make logo which has very beautifull and unique which has cost $36 in three hours. But he laze about that and make simple logo in one hour which has cost $9. opp?
$12(We can discuss that in class)(Shahzodbek choose -> 20points as bonus if answer is correct)
What is Scarcity?
our wants are unlimited and sources are limited
According to the law of demand as price increases what happens to demand?
decreases
When is a ppc linear?
When the opportunity costs is constant
The PPC is ______ when the factors of production are not equally productive for both goods.
curved
Monica could instead have practiced her violin or done her French homework. Her opportunity cost of practicing her violin
the grade for her French homework
demand curve and supply curve are in... ?
equilibrium
what is the fundamental economic problem?
Scarcity
give definition for ceteris-paribus
all other things remain equal
draw a demand and supply curve
drawing
