{"id":5327,"date":"2019-02-14T09:24:02","date_gmt":"2019-02-14T03:54:02","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5327"},"modified":"2019-02-16T12:23:08","modified_gmt":"2019-02-16T06:53:08","slug":"production-possibility-curve","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/production-possibility-curve\/","title":{"rendered":"Production Possibility Curve"},"content":{"rendered":"<h3><span style=\"color: #000000;\"><strong>When there is full and efficient utilization of resources production combination lies on the boundary of the Production Possibility Curve.<\/strong><\/span><\/h3>\n<ul>\n<li>When there is under and inefficient utilization of resources, production combination<br \/>\nlies on the left side of the Production Possibility Curve.<\/li>\n<li>Scarcity can be shown by a point on the right hand side of the Production Possibility<br \/>\nCurve.<\/li>\n<li>The point which moves from the left side to the Production Possibility Curve, can<br \/>\nincrease production of both goods without opportunity cost<\/li>\n<li>The point which moves from the Production Possibility Curve to the left, shows<br \/>\ndecrease utilization of resources and efficiently.<\/li>\n<li>Production Possibility Curve can be shifted to the right due to the increase in<br \/>\ncapacity of production<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\"><strong>The factors of increase in capacity of production are given below.<\/strong><\/span><\/h3>\n<ul>\n<li>Increase in factor endowments.<\/li>\n<li>Increase in productivity.<\/li>\n<li>Production Possibility Curve can be shifted to left side due to the decrease in the<br \/>\ncapacity of production<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\"><strong>The factors of decrease in capacity of production are given below.<\/strong><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000000;\">Decrease in factor endowments.<\/span><\/li>\n<li><span style=\"color: #000000;\">Decrease in productivity.<\/span><\/li>\n<li><span style=\"color: #000000;\">Outputs received from the inputs are known as normal productivity<\/span><\/li>\n<\/ul>\n<h3>\n<span style=\"color: #000000;\"><strong>The following factors affect determination of productivity of the factors of production<\/strong><\/span><\/h3>\n<ul>\n<li><span style=\"color: #000000;\">Technology<\/span><\/li>\n<li><span style=\"color: #000000;\">Management<\/span><\/li>\n<li><span style=\"color: #000000;\">Human Capital<\/span><\/li>\n<li><span style=\"color: #000000;\">Division of labor and specialization<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Factor productivity can be computed as follows :<br \/>\n<strong>Factors Productivity = Outputs \/ Inputs<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Productivity of the various factors of production can be computed as follows:<br \/>\n<strong>Productivity of Land = Total output \/ Amount of land units<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When there is full and efficient utilization of resources production combination lies on the boundary of the Production Possibility Curve. When there is under and inefficient utilization of resources, production combination lies on the left side of the Production Possibility Curve. Scarcity can be shown by a point on the right hand side of the [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2679],"tags":[],"class_list":["post-5327","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-1-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Production Possibility Curve - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/production-possibility-curve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Production Possibility Curve - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"When there is full and efficient utilization of resources production combination lies on the boundary of the Production Possibility Curve. 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