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What are fixed resources?

Updated: 10/31/2022
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Q: What are fixed resources?
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Write four assumptions for your PPC model in economics?

Resources are fixed, All resources are fully employed, Technology is fixed & Only two things can be produced.


What is fixed point layout?

some ways contridiction in terms , since the transformed resources do not move between the transforming resources .


What are perpetual resources?

Perpetual resources are those which never deplete in quantity or quality, and are fixed no matter what amount of time will pass.


Why are Fixed costs also called capacity costs?

Fixed costs are considered capacity costs because if a company expands, fixed costs will change. Additionally, if a company adds more resources, fixed costs will change.


What do you mean deploying the resources?

deploying the resources means that organizing all kinds of resources( human resources, material resources, information resources and capital resoucres) in effectively and efficiently manner in order to produce certain kinds of outputs and maximize wealth of given company, country, individual etc within a fixed time framework.


What is land in economics?

In Economics, land comprises all naturally occurring resources whose supply is inherently fixed


What is land in economics terms?

In economics, land comprises all naturally occurring resources whose supply is inherently fixed


What are the Examples of fixed assets?

Fixed assets are long-term, tangible resources, such as property and equipment that are used in a company's operations. These assets are classified as long-term and tangible because they are not intended for resale and are hold value.


What does risk taking have to do with the use of operating and financial leverage?

Operating leverage---the use of fixed resources Financial leverage---the use of debts Both operating and financial leverage imply that the firm will employ a heavy component of fixed cost resources. This is inherently risky because the obligation to make payments remains regardless of the condition of the company or the economy.


What is the products possibilities curve?

It is a graph that represents various maximum combinations of output a nation can produce with limited economic resources in a fixed period of time.


What the production possibilities curve?

It is a graph that represents various maximum combinations of output a nation can produce with limited economic resources in a fixed period of time.


Can you operate at a point outside the production possibility frontier?

No. It either cannot be maintained for long or it is impossible because the production possibility curve (PPC) shows the available areas of operation to a firm or economy to operate within the frontier, due to a fixed and scarce amount of resources and technology. Therefore, it is impossible, because of fixed levels of technology and resources, for the firm or economy to operate outside the PPC.~MB