A graph that illustrates the maximum amount of one good that can be produced for every possible level of production of the other good is called a:
A)production possibilities curve.
B)consumption possibilities curve.
C)production function.
D)supply curve.

Question

Quizplus · Accepted Answer

The production possibilities curve describes the maximum amount of one good that can be produced for every possible amount produced of another good.

A Graph That Illustrates the Maximum Amount of One Good