On a given production possibilities frontier, which of the following is not assumed to be fixed?
A)the amount of labor available
B)the amount of capital available
C)the level of technology
D)the amount of land and natural resources available
E)production of each item

Question

Quizplus · Accepted Answer

On a production possibilities frontier, the production of each item is represented by a point on the graph and can be changed by reallocating resources between the two goods. However, the other factors listed (labor, capital, technology, land/natural resources) are considered to be fixed in the short run.

On a Given Production Possibilities Frontier, Which of the Following