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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)
 one month ago
 one month 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)
 one month ago
 one month 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
 one month ago

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

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

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

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

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

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

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

Koikkara Group TitleBest ResponseYou've already chosen the best response.3
dw:1403255707098:dw
 one month 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?
 one month 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
 one month 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 ?
 one month ago

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