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blahdfasd
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given a production possibilities curve between wheat and corn, what does the equal profit line when the price of wheat is 0? The slope is 0, but where is the horizontal line located? (If the price of wheat is 0, no wheat is grown)
 4 months ago
 4 months ago
blahdfasd Group Title
given a production possibilities curve between wheat and corn, what does the equal profit line when the price of wheat is 0? The slope is 0, but where is the horizontal line located? (If the price of wheat is 0, no wheat is grown)
 4 months ago
 4 months ago

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Koikkara Group TitleBest ResponseYou've already chosen the best response.3
\(\color{darkgreen}{~\huge\star~``Welcome~to~Open~Study~!!"~\star~}\) @blahdfasd
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
Thanks! If you have any questions about the question let me know!
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
\(Curve~Is~missing~\to~\) "given a production possibilities curve"
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
@blahdfasd Hey, forgot curve picture to post, because it is needed to know where the points are...!!
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
Sorry! It's just a regular ppc curve that's bow shaped. (in general, how would the equal profit line if the goods on the x axis has a price of 0?)
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
I'm wondering what the general shape of the line would be  is it the x axis or is it higher?
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
ie: ppc intersects at (0,5) and (5,0)
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
alright, let me give a try... \(Till~then~go~out~have~A~walk~and~come~back~!!\)
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
dw:1403254418899:dw Is this right ? because you may have much better Idea than i do.. Ref: Attached picture ~
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
Yes it is right except it is curved and not a line!
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
@blahdfasd \(Now, you~May~have~the~answer~where~`XAxis'~Lies~!!\)
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
Except, I'm not sure what the answer is?
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
I'm sure it's a horizontal line, I'm just not sure if it is the x axis or higher...
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
Alright, In case of line, what do u say.... its above Xaxis or below ?
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
Yes, since the product on the x axis has a price of 0, and the slope of the equal profit line is the price of the good on the x axis over the price of the good on the y axis, the slope must be 0.
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
So is the equal prift line the x axis or above it is the question
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
dw:1403255707098:dw
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
hmm, I'm a little confused which one is the equal profit line?
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
Tangent of a Curve ( From Figure) • tangent is drawn at only one pt on the curve • a straight line which ‘touches’ the curve only at the one point • slope of the tangent represents the slope of the curve • Note: when person (object) changes direction the tangent is horizontal so the slope is ZERO
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
The Line which passes through point 'a' comes as the equal profit line... does it help ?
 4 months ago

blahdfasd Group TitleBest ResponseYou've already chosen the best response.0
yes thankyou!
 4 months ago

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
\(Additional~Information~!!\) Also, Slope of a Curve • “Slope” = number which describes the change in a curve !! \(\color{darkgreen}{~''Nice~To~Meet~You~!!"}\) @blahdfasd
 4 months ago
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